Barbados; Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, Securities Regulation, Insurance Regulation, and Payment Systems

This paper presents key findings of the Financial System Stability Assessment for Barbados, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, Securities Regulation, Insurance Regulation, Corporate Governance, and Payment Systems. Systemic risks in the financial sector are generally contained, although the sector faces considerable challenges. Repercussions of the recent economic recession on the banking system are being felt, and profitability and asset quality are likely to be depressed in the near term.

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Year of publication:	2003-02-26
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Reports on the Observance of Standards and Codes \| banking \| offshore banks \| banking supervision \| capital adequacy \| life insurance \| banking system \| bank supervision \| money laundering \| securities regulation \| excess liquidity \| payment systems \| capital adequacy ratio \| foreign exchange \| payment system \| offshore banking \| banking sector \| internal audit \| supervisory framework \| internal control \| international standards \| financial soundness \| liquidity ratio \| external auditor \| financial intelligence unit \| risk management \| accounting standards \| supervisory authority \| market intermediaries \| foreign banks \| market participants \| settlement system \| internal controls \| credit union \| insurance supervisors \| supervisory authorities \| national bank \| share information \| international accounting standards \| insurance business \| internal control systems \| supervisory process \| banking industry \| deposit insurance \| off balance sheet \| connected lending \| deposit insurance scheme \| prudential supervision \| good faith \| collective investment schemes \| external auditing \| regulatory requirements \| supervisory standards \| banking supervisors \| suspicious transactions \| supervisory principles \| securities markets \| financial sector standards \| settlement systems \| prudential regulation \| settlement risk \| clearing house \| capital requirement \| ensuring compliance \| distressed bank \| loan classification \| clearing system \| domestic legislation \| banking sectors \| bank of canada \| off site supervision \| iosco principles \| consolidated supervision \| reporting requirements \| confidentiality requirements \| savings rate \| banking services \| exchange information \| securities transactions \| bank governors \| accounting framework \| supervisory bodies \| bank borrowing \| banks ? loans \| supervisory arrangements \| risk management procedures \| interbank market \| criminal matters \| bank systems \| segmentation \| financial standards \| bank supervisors \| information collection \| reserve account \| bank reserves \| supervisory agencies \| bank subsidiary \| supervisory regime \| interbank money market \| reserve requirement \| liquid asset \| insurance law \| foreign regulators \| foreign authorities \| judicial proceedings \| market integrity \| off site surveillance \| return on assets \| bank representatives \| capital base \| holding company \| market infrastructure \| bank money \| regulatory bodies \| legal impediments \| bank act

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 03/35 7 pages long
Source:	RePEc - Research Papers in Economics

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