FSAP Update Recommendations Recommendations Bank Supervision / Butterfield Bank / Caribbean Trinidad / First Citizens Bank / Republic Bank / Credit Union League Basel Core Principles For Effective Supervision Barbados Deposit Insurance Corporation / B. Enterprises / The World Bank / Credit Suisse / Regulation Review / Barbados National Bank / Barbados National Bank Bank / Barbados 2012 Average 2011 Tobago 2011 Caribbean Trinidad / /
Country
Barbados / United States / Canada / United Kingdom / Trinidad / Jamaica / /
Currency
USD / /
Event
M&A / Company Expansion / /
IndustryTerm
onshore banks / concentrated insurance sector / bank credit ratings / insurance / risk management / active insurance / non-insurance activities / finance / basic financial services / onshore commercial banking sector / real estate / non-bank financial services sectors / bank stress tests / large regional insurance / bank lending / real estate price index / active insurer / on-shore banks / offshore banks / insurance sector / well-equipped deposit insurer / insurance groups / /
MarketIndex
Jamaica 2011 Barbados 2012 / /
NaturalFeature
MT MT MT-LT / MT MT ST ST MT-LT FSC BDIC/CBB/ MoF CBB/FSC BDIC/CBB CBB/BDIC/ FSC FSC / /
OperatingSystem
BSD / /
Organization
Central Bank of Barbados / Insurance Supervisors International Business Company Insurance Core Principles International Financial Services Act Ministry of Finance Memorandum / International Monetary Fund / International Association of Insurance Supervisors / Understanding National Insurance Scheme Non-Performing Loan Office / Program Financial Services Commission Financial Stability Management Plan Gross Domestic Product International Association / Financial Services Commission / World Bank / MoF Government / FSA / International Bank for Reconstruction and development / /
Position
Superintendent of Financial Institutions Policyholder Protection Scheme Qualifying Insurance Company Recovery / WB / Governor / Executive Directors / host supervisor / Private / Co-operative / /
March 2014 SecM2014-0176 Barbados FSA – Financial Sector Assessment This volume is a product of the staff of the International Bank for Reconstruction and