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Barbados - Financial Sector Assessment : Based on the Joint International Monetary Fund (IMF) - World Bank Financial Sector Assessment Program (FSAP) Update

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dc.contributor.author World Bank
dc.date.accessioned 2012-03-19T17:22:51Z
dc.date.available 2012-03-19T17:22:51Z
dc.date.issued 2009-04-01
dc.identifier.uri http://hdl.handle.net/10986/3034
dc.description.abstract The principal objective of the mission was to update the FSAP conducted in 2002 focusing on financial system stability and specific institutional development issues. The mission also provided an assessment of the observance of international standards and codes in financial regulation and supervision for the banking and securities sectors as well as of the development needs of the financial system and its potential contribution to economic development. Preliminary results of the mission were discussed with the authorities during the subsequent IMF Article IV mission. The 2008 FSAP update for Barbados took place in the context of considerable turmoil in global financial markets. Encouragingly, the financial system in Barbados has been little affected by this turmoil and the macroeconomic situation remains robust with economic growth continuing to benefit from healthy tourism numbers and ongoing construction activity. As a result, the unemployment rate continues near historic lows. Nonetheless, economic prospects are tied to continuing tourism and, as such, to the slowing economic performance in Europe, particularly the United Kingdom, and the United States. The offshore financial sector appears insulated from the onshore banking system, thus limiting the risk of contagion. Barbados will continue to face competition from offshore financial centers in the region. To differentiate itself, the country is seeking to continue strengthening its reputation for stability and a selective licensing process, and to develop a workforce with strong skills in financial services. However, the authorities continue to face the challenge of overseeing a large number of very heterogeneous financial institutions with constrained resources. en
dc.language English
dc.publisher World Bank
dc.rights CC BY 3.0 IGO
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject EXCHANGE CONTROLS
dc.subject LIQUIDITY
dc.subject DURABLE
dc.subject DERIVATIVE
dc.subject NPL
dc.subject LIFE INSURANCE COMPANIES
dc.subject CONSUMER CREDIT
dc.subject LOCAL MARKET
dc.subject DEPOSITOR
dc.subject CENTRAL SECURITIES DEPOSITORIES
dc.subject REGISTERED SECURITIES
dc.subject BANK ASSETS
dc.subject CENTRAL BANK
dc.subject INTERNATIONAL BANK
dc.subject MUTUAL FUNDS
dc.subject FOREIGN CURRENCIES
dc.subject EQUITY HOLDINGS
dc.subject MARKET RISK
dc.subject EXTERNAL FUNDING
dc.subject CREDIT DEPOSITS
dc.subject LENDER OF LAST RESORT
dc.subject INVESTMENT OPPORTUNITIES
dc.subject DEBT
dc.subject PRIVATE CREDIT
dc.subject INVESTMENT REGULATIONS
dc.subject DEBT CONSOLIDATION
dc.subject INVESTMENT PORTFOLIO
dc.subject STATUTORY REQUIREMENT
dc.subject PUBLIC FINANCES
dc.subject VALUATION
dc.subject TREASURY BILLS
dc.subject RESIDENTIAL MORTGAGES
dc.subject CAPITAL REQUIREMENTS
dc.subject OIL PRICES
dc.subject SHORT-TERM ASSETS
dc.subject NATIONAL SAVINGS
dc.subject FINANCIAL INSTITUTION
dc.subject OFFSHORE MARKET
dc.subject TAX
dc.subject ELECTRONIC BANKING
dc.subject TRANSACTION
dc.subject MUTUAL FUND INDUSTRY
dc.subject FOREIGN EXCHANGE RISK
dc.subject GLOBALIZATION
dc.subject BANK REGULATION
dc.subject MARKET TRADES
dc.subject SHAREHOLDERS
dc.subject REGULATORY AUTHORITIES
dc.subject FINANCIAL STATEMENT
dc.subject TRADE DAY
dc.subject SETTLEMENT PERIOD
dc.subject LONG-TERM INVESTMENT
dc.subject PRIVATE SECTOR CREDIT
dc.subject CAPITAL MARKETS
dc.subject MATURITY
dc.subject OFFSHORE FINANCIAL CENTERS
dc.subject SAFETY NETS
dc.subject CORPORATE DEBT
dc.subject MARKET RISKS
dc.subject BANK SUPERVISION
dc.subject ARREARS
dc.subject FINANCIAL MARKET
dc.subject DEPOSITS
dc.subject SECONDARY MARKET TRADING
dc.subject GOVERNMENT REVENUE
dc.subject OFFSHORE BANKS
dc.subject HOLDING
dc.subject BONDS
dc.subject FINANCIAL REGULATION
dc.subject MORTGAGE LOANS
dc.subject GOVERNMENT SECURITIES
dc.subject PORTFOLIO
dc.subject FOREIGN CURRENCY LOANS
dc.subject BROAD MONEY
dc.subject MARKET INTERMEDIARIES
dc.subject LEGAL FRAMEWORK
dc.subject LENDER
dc.subject BID
dc.subject MARKET PARTICIPANTS
dc.subject CREDIT RATINGS
dc.subject GLOBAL MARKET
dc.subject BANKING SYSTEM
dc.subject ASSET MANAGEMENT
dc.subject TRANSPARENCY
dc.subject DURABLE GOODS
dc.subject ISSUANCE
dc.subject EXCHANGE RATES
dc.subject INVESTOR PREFERENCE
dc.subject DOMESTIC BANKING
dc.subject PENSIONS
dc.subject INTEREST RATES
dc.subject SECONDARY MARKET
dc.subject ACCOUNTING
dc.subject CAPITAL ADEQUACY
dc.subject LIQUIDATION
dc.subject RETURNS
dc.subject INSURANCE PENETRATION
dc.subject FINANCIAL STABILITY
dc.subject FINANCIAL CRISIS
dc.subject INVESTMENT VEHICLES
dc.subject CREDIT CARD
dc.subject PUBLIC BANKS
dc.subject TRUST CORPORATION
dc.subject INSURANCE
dc.subject MARKET CONFIDENCE
dc.subject TRADING
dc.subject CREDIT GROWTH
dc.subject SOLVENCY
dc.subject FIXED INTEREST
dc.subject RESERVE REQUIREMENTS
dc.subject COUNTRY RISK
dc.subject RISK DIVERSIFICATION
dc.subject CREDIT QUALITY
dc.subject CONTINGENCY PLANNING
dc.subject INSURANCE COMPANY
dc.subject JUDICIAL PROCESS
dc.subject ASSET CLASSIFICATION
dc.subject CORPORATE DEBT SECURITIES
dc.subject INSURANCE MARKET
dc.subject INTEREST RATE RISK
dc.subject BALANCE OF PAYMENTS
dc.subject SECURITIES
dc.subject EXTERNAL DEBT
dc.subject PRIVATE CAPITAL
dc.subject RESERVES
dc.subject FOREIGN BANKS
dc.subject EQUITIES
dc.subject BALANCE SHEET
dc.subject INSTITUTIONAL DEVELOPMENT
dc.subject COLLATERAL
dc.subject LEGAL PROVISION
dc.subject CAPITAL MARKET DEVELOPMENT
dc.subject MARKET CAPITALIZATION
dc.subject MUTUAL FUND
dc.subject BANKING SECTOR
dc.subject DOMESTIC MARKET
dc.subject LIFE INSURANCE
dc.subject CURRENCY
dc.subject PRIVATE BANKS
dc.subject BROKER
dc.subject SECURITIES MARKETS
dc.subject INSURANCE CORPORATION
dc.subject CORPORATE GOVERNANCE
dc.subject SAFETY NET
dc.subject EXCHANGE RATE
dc.subject CAPITAL MOVEMENTS
dc.subject TAX CREDIT
dc.subject DOMESTIC BANK
dc.subject SECURITIES MARKET
dc.subject DOMESTIC BANKS
dc.subject CASH RESERVE
dc.subject INSURANCE COMPANIES
dc.subject SETTLEMENT
dc.subject REAL ESTATE LENDING
dc.subject STOCK MARKET
dc.subject CREDIT UNION
dc.subject NONPERFORMING LOANS
dc.subject RISK MANAGEMENT
dc.subject OPTIMAL INVESTMENT
dc.subject MORTGAGE
dc.subject LIQUIDITY RISK
dc.subject CREDIT RISK
dc.subject LIQUID ASSETS
dc.subject MARGIN REQUIREMENT
dc.subject CAPITAL MARKET
dc.subject ARBITRAGE
dc.subject CAPITAL SHARE
dc.subject CAPITALIZATION
dc.subject GOVERNMENT DEBT
dc.subject ASSET CLASSES
dc.subject DEBENTURES
dc.subject NEGATIVE SHOCKS
dc.subject EXPENDITURE
dc.subject ASSET QUALITY
dc.subject AUDITING
dc.subject OIL PRICE
dc.subject FINANCIAL MARKETS
dc.subject FOREIGN EXCHANGE
dc.subject INVESTMENT ASSETS
dc.subject BROKERS
dc.subject LONG TERM ASSETS
dc.subject MONEY MARKET
dc.subject CREDIT UNIONS
dc.subject STOCK EXCHANGE
dc.subject TREASURY
dc.subject COMPLIANCE COSTS
dc.subject COMMERCIAL BANKS
dc.subject LIABILITY
dc.subject LOAN
dc.subject INVESTMENT PORTFOLIOS
dc.subject FINANCIAL INSTABILITY
dc.subject STOCK EXCHANGES
dc.subject CREDIT CARDS
dc.subject INTERNATIONAL STANDARDS
dc.subject BANK DEPOSITS
dc.subject PROVISIONING RULES
dc.subject CASH BALANCES
dc.subject HOSTILE TAKEOVER
dc.subject CONSUMER LOANS
dc.subject FINANCIAL INSTITUTIONS
dc.subject INFLATION
dc.subject MONEY MARKET INSTRUMENTS
dc.subject REGULATORY FRAMEWORK
dc.subject COMPULSORY DEPOSIT
dc.subject SETTLEMENT RISK
dc.subject FINANCIAL SYSTEM
dc.subject TAX INCENTIVES
dc.subject DEBT MARKETS
dc.subject DEPOSIT INSURANCE
dc.subject INVESTMENT STRATEGY
dc.subject PERSONAL LOANS
dc.subject GOVERNMENT DEBT SECURITIES
dc.subject INTEREST RATE
dc.subject GOVERNMENT SUBSIDIES
dc.subject SUPERVISORY AGENCIES
dc.subject CREDIT POLICY
dc.subject RETURN
dc.subject REGULATORY STANDARDS
dc.subject RESIDENTIAL MORTGAGE
dc.subject FOREIGN CURRENCY
dc.subject RISK PROFILES
dc.subject MINIMUM CAPITAL REQUIREMENT
dc.subject CENTRAL SECURITIES DEPOSITORY
dc.subject CENTRAL DEPOSITORIES
dc.title Barbados - Financial Sector Assessment : Based on the Joint International Monetary Fund (IMF) - World Bank Financial Sector Assessment Program (FSAP) Update en
dc.rights.holder World Bank


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