Barbados - Financial Sector Assessment : Based on the Joint International Monetary Fund (IMF) - World Bank Financial Sector Assessment Program (FSAP) Update
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 standar...
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| Format: | Financial Sector Assessment Program (FSAP) |
| Language: | English |
| Published: |
World Bank
2012
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| Subjects: | |
| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20090416010332 http://hdl.handle.net/10986/3034 |
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okr-10986-3034 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCOUNTING ARBITRAGE ARREARS ASSET CLASSES ASSET CLASSIFICATION ASSET MANAGEMENT ASSET QUALITY AUDITING BALANCE OF PAYMENTS BALANCE SHEET BANK ASSETS BANK DEPOSITS BANK REGULATION BANK SUPERVISION BANKING SECTOR BANKING SYSTEM BID BONDS BROAD MONEY BROKER BROKERS CAPITAL ADEQUACY CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CAPITAL MOVEMENTS CAPITAL REQUIREMENTS CAPITAL SHARE CAPITALIZATION CASH BALANCES CASH RESERVE CENTRAL BANK CENTRAL DEPOSITORIES CENTRAL SECURITIES DEPOSITORIES CENTRAL SECURITIES DEPOSITORY COLLATERAL COMMERCIAL BANKS COMPLIANCE COSTS COMPULSORY DEPOSIT CONSUMER CREDIT CONSUMER LOANS CONTINGENCY PLANNING CORPORATE DEBT CORPORATE DEBT SECURITIES CORPORATE GOVERNANCE COUNTRY RISK CREDIT CARD CREDIT CARDS CREDIT DEPOSITS CREDIT GROWTH CREDIT POLICY CREDIT QUALITY CREDIT RATINGS CREDIT RISK CREDIT UNION CREDIT UNIONS CURRENCY DEBENTURES DEBT DEBT CONSOLIDATION DEBT MARKETS DEPOSIT INSURANCE DEPOSITOR DEPOSITS DERIVATIVE DOMESTIC BANK DOMESTIC BANKING DOMESTIC BANKS DOMESTIC MARKET DURABLE DURABLE GOODS ELECTRONIC BANKING EQUITIES EQUITY HOLDINGS EXCHANGE CONTROLS EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXTERNAL DEBT EXTERNAL FUNDING FINANCIAL CRISIS FINANCIAL INSTABILITY FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL REGULATION FINANCIAL STABILITY FINANCIAL STATEMENT FINANCIAL SYSTEM FIXED INTEREST FOREIGN BANKS FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN CURRENCY LOANS FOREIGN EXCHANGE FOREIGN EXCHANGE RISK GLOBAL MARKET GLOBALIZATION GOVERNMENT DEBT GOVERNMENT DEBT SECURITIES GOVERNMENT REVENUE GOVERNMENT SECURITIES GOVERNMENT SUBSIDIES HOLDING HOSTILE TAKEOVER INFLATION INSTITUTIONAL DEVELOPMENT INSURANCE INSURANCE COMPANIES INSURANCE COMPANY INSURANCE CORPORATION INSURANCE MARKET INSURANCE PENETRATION INTEREST RATE INTEREST RATE RISK INTEREST RATES INTERNATIONAL BANK INTERNATIONAL STANDARDS INVESTMENT ASSETS INVESTMENT OPPORTUNITIES INVESTMENT PORTFOLIO INVESTMENT PORTFOLIOS INVESTMENT REGULATIONS INVESTMENT STRATEGY INVESTMENT VEHICLES INVESTOR PREFERENCE ISSUANCE JUDICIAL PROCESS LEGAL FRAMEWORK LEGAL PROVISION LENDER LENDER OF LAST RESORT LIABILITY LIFE INSURANCE LIFE INSURANCE COMPANIES LIQUID ASSETS LIQUIDATION LIQUIDITY LIQUIDITY RISK LOAN LOCAL MARKET LONG TERM ASSETS LONG-TERM INVESTMENT MARGIN REQUIREMENT MARKET CAPITALIZATION MARKET CONFIDENCE MARKET INTERMEDIARIES MARKET PARTICIPANTS MARKET RISK MARKET RISKS MARKET TRADES MATURITY MINIMUM CAPITAL REQUIREMENT MONEY MARKET MONEY MARKET INSTRUMENTS MORTGAGE MORTGAGE LOANS MUTUAL FUND MUTUAL FUND INDUSTRY MUTUAL FUNDS NATIONAL SAVINGS NEGATIVE SHOCKS NONPERFORMING LOANS NPL OFFSHORE BANKS OFFSHORE FINANCIAL CENTERS OFFSHORE MARKET OIL PRICE OIL PRICES OPTIMAL INVESTMENT PENSIONS PERSONAL LOANS PORTFOLIO PRIVATE BANKS PRIVATE CAPITAL PRIVATE CREDIT PRIVATE SECTOR CREDIT PROVISIONING RULES PUBLIC BANKS PUBLIC FINANCES REAL ESTATE LENDING REGISTERED SECURITIES REGULATORY AUTHORITIES REGULATORY FRAMEWORK REGULATORY STANDARDS RESERVE REQUIREMENTS RESERVES RESIDENTIAL MORTGAGE RESIDENTIAL MORTGAGES RETURN RETURNS RISK DIVERSIFICATION RISK MANAGEMENT RISK PROFILES SAFETY NET SAFETY NETS SECONDARY MARKET SECONDARY MARKET TRADING SECURITIES SECURITIES MARKET SECURITIES MARKETS SETTLEMENT SETTLEMENT PERIOD SETTLEMENT RISK SHAREHOLDERS SHORT-TERM ASSETS SOLVENCY STATUTORY REQUIREMENT STOCK EXCHANGE STOCK EXCHANGES STOCK MARKET SUPERVISORY AGENCIES TAX TAX CREDIT TAX INCENTIVES TRADE DAY TRADING TRANSACTION TRANSPARENCY TREASURY TREASURY BILLS TRUST CORPORATION VALUATION |
| spellingShingle |
ACCOUNTING ARBITRAGE ARREARS ASSET CLASSES ASSET CLASSIFICATION ASSET MANAGEMENT ASSET QUALITY AUDITING BALANCE OF PAYMENTS BALANCE SHEET BANK ASSETS BANK DEPOSITS BANK REGULATION BANK SUPERVISION BANKING SECTOR BANKING SYSTEM BID BONDS BROAD MONEY BROKER BROKERS CAPITAL ADEQUACY CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CAPITAL MOVEMENTS CAPITAL REQUIREMENTS CAPITAL SHARE CAPITALIZATION CASH BALANCES CASH RESERVE CENTRAL BANK CENTRAL DEPOSITORIES CENTRAL SECURITIES DEPOSITORIES CENTRAL SECURITIES DEPOSITORY COLLATERAL COMMERCIAL BANKS COMPLIANCE COSTS COMPULSORY DEPOSIT CONSUMER CREDIT CONSUMER LOANS CONTINGENCY PLANNING CORPORATE DEBT CORPORATE DEBT SECURITIES CORPORATE GOVERNANCE COUNTRY RISK CREDIT CARD CREDIT CARDS CREDIT DEPOSITS CREDIT GROWTH CREDIT POLICY CREDIT QUALITY CREDIT RATINGS CREDIT RISK CREDIT UNION CREDIT UNIONS CURRENCY DEBENTURES DEBT DEBT CONSOLIDATION DEBT MARKETS DEPOSIT INSURANCE DEPOSITOR DEPOSITS DERIVATIVE DOMESTIC BANK DOMESTIC BANKING DOMESTIC BANKS DOMESTIC MARKET DURABLE DURABLE GOODS ELECTRONIC BANKING EQUITIES EQUITY HOLDINGS EXCHANGE CONTROLS EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXTERNAL DEBT EXTERNAL FUNDING FINANCIAL CRISIS FINANCIAL INSTABILITY FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL REGULATION FINANCIAL STABILITY FINANCIAL STATEMENT FINANCIAL SYSTEM FIXED INTEREST FOREIGN BANKS FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN CURRENCY LOANS FOREIGN EXCHANGE FOREIGN EXCHANGE RISK GLOBAL MARKET GLOBALIZATION GOVERNMENT DEBT GOVERNMENT DEBT SECURITIES GOVERNMENT REVENUE GOVERNMENT SECURITIES GOVERNMENT SUBSIDIES HOLDING HOSTILE TAKEOVER INFLATION INSTITUTIONAL DEVELOPMENT INSURANCE INSURANCE COMPANIES INSURANCE COMPANY INSURANCE CORPORATION INSURANCE MARKET INSURANCE PENETRATION INTEREST RATE INTEREST RATE RISK INTEREST RATES INTERNATIONAL BANK INTERNATIONAL STANDARDS INVESTMENT ASSETS INVESTMENT OPPORTUNITIES INVESTMENT PORTFOLIO INVESTMENT PORTFOLIOS INVESTMENT REGULATIONS INVESTMENT STRATEGY INVESTMENT VEHICLES INVESTOR PREFERENCE ISSUANCE JUDICIAL PROCESS LEGAL FRAMEWORK LEGAL PROVISION LENDER LENDER OF LAST RESORT LIABILITY LIFE INSURANCE LIFE INSURANCE COMPANIES LIQUID ASSETS LIQUIDATION LIQUIDITY LIQUIDITY RISK LOAN LOCAL MARKET LONG TERM ASSETS LONG-TERM INVESTMENT MARGIN REQUIREMENT MARKET CAPITALIZATION MARKET CONFIDENCE MARKET INTERMEDIARIES MARKET PARTICIPANTS MARKET RISK MARKET RISKS MARKET TRADES MATURITY MINIMUM CAPITAL REQUIREMENT MONEY MARKET MONEY MARKET INSTRUMENTS MORTGAGE MORTGAGE LOANS MUTUAL FUND MUTUAL FUND INDUSTRY MUTUAL FUNDS NATIONAL SAVINGS NEGATIVE SHOCKS NONPERFORMING LOANS NPL OFFSHORE BANKS OFFSHORE FINANCIAL CENTERS OFFSHORE MARKET OIL PRICE OIL PRICES OPTIMAL INVESTMENT PENSIONS PERSONAL LOANS PORTFOLIO PRIVATE BANKS PRIVATE CAPITAL PRIVATE CREDIT PRIVATE SECTOR CREDIT PROVISIONING RULES PUBLIC BANKS PUBLIC FINANCES REAL ESTATE LENDING REGISTERED SECURITIES REGULATORY AUTHORITIES REGULATORY FRAMEWORK REGULATORY STANDARDS RESERVE REQUIREMENTS RESERVES RESIDENTIAL MORTGAGE RESIDENTIAL MORTGAGES RETURN RETURNS RISK DIVERSIFICATION RISK MANAGEMENT RISK PROFILES SAFETY NET SAFETY NETS SECONDARY MARKET SECONDARY MARKET TRADING SECURITIES SECURITIES MARKET SECURITIES MARKETS SETTLEMENT SETTLEMENT PERIOD SETTLEMENT RISK SHAREHOLDERS SHORT-TERM ASSETS SOLVENCY STATUTORY REQUIREMENT STOCK EXCHANGE STOCK EXCHANGES STOCK MARKET SUPERVISORY AGENCIES TAX TAX CREDIT TAX INCENTIVES TRADE DAY TRADING TRANSACTION TRANSPARENCY TREASURY TREASURY BILLS TRUST CORPORATION VALUATION World Bank Barbados - Financial Sector Assessment : Based on the Joint International Monetary Fund (IMF) - World Bank Financial Sector Assessment Program (FSAP) Update |
| geographic_facet |
Latin America & Caribbean Caribbean America Barbados |
| description |
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. |
| format |
Economic & Sector Work :: Financial Sector Assessment Program (FSAP) |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Barbados - Financial Sector Assessment : Based on the Joint International Monetary Fund (IMF) - World Bank Financial Sector Assessment Program (FSAP) Update |
| title_short |
Barbados - Financial Sector Assessment : Based on the Joint International Monetary Fund (IMF) - World Bank Financial Sector Assessment Program (FSAP) Update |
| title_full |
Barbados - Financial Sector Assessment : Based on the Joint International Monetary Fund (IMF) - World Bank Financial Sector Assessment Program (FSAP) Update |
| title_fullStr |
Barbados - Financial Sector Assessment : Based on the Joint International Monetary Fund (IMF) - World Bank Financial Sector Assessment Program (FSAP) Update |
| title_full_unstemmed |
Barbados - Financial Sector Assessment : Based on the Joint International Monetary Fund (IMF) - World Bank Financial Sector Assessment Program (FSAP) Update |
| title_sort |
barbados - financial sector assessment : based on the joint international monetary fund (imf) - world bank financial sector assessment program (fsap) update |
| publisher |
World Bank |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20090416010332 http://hdl.handle.net/10986/3034 |
| _version_ |
1764386369335984128 |
| spelling |
okr-10986-30342021-04-23T14:02:06Z Barbados - Financial Sector Assessment : Based on the Joint International Monetary Fund (IMF) - World Bank Financial Sector Assessment Program (FSAP) Update World Bank ACCOUNTING ARBITRAGE ARREARS ASSET CLASSES ASSET CLASSIFICATION ASSET MANAGEMENT ASSET QUALITY AUDITING BALANCE OF PAYMENTS BALANCE SHEET BANK ASSETS BANK DEPOSITS BANK REGULATION BANK SUPERVISION BANKING SECTOR BANKING SYSTEM BID BONDS BROAD MONEY BROKER BROKERS CAPITAL ADEQUACY CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CAPITAL MOVEMENTS CAPITAL REQUIREMENTS CAPITAL SHARE CAPITALIZATION CASH BALANCES CASH RESERVE CENTRAL BANK CENTRAL DEPOSITORIES CENTRAL SECURITIES DEPOSITORIES CENTRAL SECURITIES DEPOSITORY COLLATERAL COMMERCIAL BANKS COMPLIANCE COSTS COMPULSORY DEPOSIT CONSUMER CREDIT CONSUMER LOANS CONTINGENCY PLANNING CORPORATE DEBT CORPORATE DEBT SECURITIES CORPORATE GOVERNANCE COUNTRY RISK CREDIT CARD CREDIT CARDS CREDIT DEPOSITS CREDIT GROWTH CREDIT POLICY CREDIT QUALITY CREDIT RATINGS CREDIT RISK CREDIT UNION CREDIT UNIONS CURRENCY DEBENTURES DEBT DEBT CONSOLIDATION DEBT MARKETS DEPOSIT INSURANCE DEPOSITOR DEPOSITS DERIVATIVE DOMESTIC BANK DOMESTIC BANKING DOMESTIC BANKS DOMESTIC MARKET DURABLE DURABLE GOODS ELECTRONIC BANKING EQUITIES EQUITY HOLDINGS EXCHANGE CONTROLS EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXTERNAL DEBT EXTERNAL FUNDING FINANCIAL CRISIS FINANCIAL INSTABILITY FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL REGULATION FINANCIAL STABILITY FINANCIAL STATEMENT FINANCIAL SYSTEM FIXED INTEREST FOREIGN BANKS FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN CURRENCY LOANS FOREIGN EXCHANGE FOREIGN EXCHANGE RISK GLOBAL MARKET GLOBALIZATION GOVERNMENT DEBT GOVERNMENT DEBT SECURITIES GOVERNMENT REVENUE GOVERNMENT SECURITIES GOVERNMENT SUBSIDIES HOLDING HOSTILE TAKEOVER INFLATION INSTITUTIONAL DEVELOPMENT INSURANCE INSURANCE COMPANIES INSURANCE COMPANY INSURANCE CORPORATION INSURANCE MARKET INSURANCE PENETRATION INTEREST RATE INTEREST RATE RISK INTEREST RATES INTERNATIONAL BANK INTERNATIONAL STANDARDS INVESTMENT ASSETS INVESTMENT OPPORTUNITIES INVESTMENT PORTFOLIO INVESTMENT PORTFOLIOS INVESTMENT REGULATIONS INVESTMENT STRATEGY INVESTMENT VEHICLES INVESTOR PREFERENCE ISSUANCE JUDICIAL PROCESS LEGAL FRAMEWORK LEGAL PROVISION LENDER LENDER OF LAST RESORT LIABILITY LIFE INSURANCE LIFE INSURANCE COMPANIES LIQUID ASSETS LIQUIDATION LIQUIDITY LIQUIDITY RISK LOAN LOCAL MARKET LONG TERM ASSETS LONG-TERM INVESTMENT MARGIN REQUIREMENT MARKET CAPITALIZATION MARKET CONFIDENCE MARKET INTERMEDIARIES MARKET PARTICIPANTS MARKET RISK MARKET RISKS MARKET TRADES MATURITY MINIMUM CAPITAL REQUIREMENT MONEY MARKET MONEY MARKET INSTRUMENTS MORTGAGE MORTGAGE LOANS MUTUAL FUND MUTUAL FUND INDUSTRY MUTUAL FUNDS NATIONAL SAVINGS NEGATIVE SHOCKS NONPERFORMING LOANS NPL OFFSHORE BANKS OFFSHORE FINANCIAL CENTERS OFFSHORE MARKET OIL PRICE OIL PRICES OPTIMAL INVESTMENT PENSIONS PERSONAL LOANS PORTFOLIO PRIVATE BANKS PRIVATE CAPITAL PRIVATE CREDIT PRIVATE SECTOR CREDIT PROVISIONING RULES PUBLIC BANKS PUBLIC FINANCES REAL ESTATE LENDING REGISTERED SECURITIES REGULATORY AUTHORITIES REGULATORY FRAMEWORK REGULATORY STANDARDS RESERVE REQUIREMENTS RESERVES RESIDENTIAL MORTGAGE RESIDENTIAL MORTGAGES RETURN RETURNS RISK DIVERSIFICATION RISK MANAGEMENT RISK PROFILES SAFETY NET SAFETY NETS SECONDARY MARKET SECONDARY MARKET TRADING SECURITIES SECURITIES MARKET SECURITIES MARKETS SETTLEMENT SETTLEMENT PERIOD SETTLEMENT RISK SHAREHOLDERS SHORT-TERM ASSETS SOLVENCY STATUTORY REQUIREMENT STOCK EXCHANGE STOCK EXCHANGES STOCK MARKET SUPERVISORY AGENCIES TAX TAX CREDIT TAX INCENTIVES TRADE DAY TRADING TRANSACTION TRANSPARENCY TREASURY TREASURY BILLS TRUST CORPORATION VALUATION 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. 2012-03-19T17:22:51Z 2012-03-19T17:22:51Z 2009-04-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20090416010332 http://hdl.handle.net/10986/3034 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank Economic & Sector Work :: Financial Sector Assessment Program (FSAP) Latin America & Caribbean Caribbean America Barbados |