World Bank2013-10-012013-10-012003-03https://hdl.handle.net/10986/15945As part of the joint International Monetary Fund (IMF)-World Bank Financial Sector Assessment Program (FSAP), a mission visited Barbados during June 24 to July 12, 2002. The principal objective of the mission was to assist the authorities in identifying potential vulnerabilities in the financial system that could have macroeconomic consequences and to identify measures to reduce these risks. The mission also provided an assessment of the observance of international standards and codes in financial regulation and supervision 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 International Monetary Fund (IMF) article four missions in October 2002.en-USCC BY 3.0 IGOACCOUNTINGADMINISTRATIVE CONTROLSANTI-MONEY LAUNDERINGASSET QUALITYAUCTIONAUDITINGBAD DEBTSBANK CREDITBANK LENDINGBANK LIQUIDITYBANK OF CANADABANK PROFITABILITYBANK REGULATIONBANK RESTRUCTURINGBANKING SECTORBANKING SUPERVISIONBANKING SYSTEMBORROWERBUSINESS CYCLESCAPITAL ACCOUNTCAPITAL ACCOUNT LIBERALIZATIONCAPITAL ADEQUACYCAPITAL FLOWSCASH RESERVECENTRAL BANKCENTRAL SECURITIES DEPOSITORYCHECKSCOLLATERALCOMMERCIAL BANKINGCOMMERCIAL BANKSCOMMON MARKETCOMPULSORY RESERVE REQUIREMENTSCONNECTED LENDINGCONSOLIDATIONCONTINGENCY PLANSCOOPERATIVESCORPORATE GOVERNANCECOUNTRY RISKSCREDIBILITYCREDIT MARKETCREDIT RISKCREDIT UNIONCREDIT UNIONSCROSS-BORDER CAPITALCURRENCYDEBTSDEMAND FOR CREDITDEMOGRAPHICDEMOGRAPHIC CHANGESDEPOSITDEPOSIT INSURANCEDEPOSIT RATEDEPOSIT-TAKING INSTITUTIONSDEPOSITSDEREGULATIONDEREGULATION OF INTERESTDEREGULATION OF INTEREST RATESDIVERSIFICATIONDOMESTIC BANKINGDOMESTIC INTEREST RATESDOMESTIC MARKETEARNINGSECONOMIC ACTIVITYECONOMIC DEVELOPMENTECONOMIC GROWTHEMPLOYMENTEMPLOYMENT OPPORTUNITIESEXCESS LIQUIDITYEXCHANGE CONTROLSEXCHANGE RATEEXCHANGE RATE ARRANGEMENTSEXCHANGE RATE REGIMEEXPOSUREEXTERNAL COMPETITIVENESSEXTERNAL SHOCKSFINANCIAL CORPORATIONSFINANCIAL DEVELOPMENTFINANCIAL INSTABILITYFINANCIAL INSTITUTIONSFINANCIAL INTEGRATIONFINANCIAL INTERMEDIATIONFINANCIAL LIBERALIZATIONFINANCIAL REGULATIONFINANCIAL SECTORFINANCIAL SECTOR ASSESSMENTFINANCIAL SERVICESFINANCIAL SERVICES INDUSTRYFINANCIAL STRUCTUREFINANCIAL SYSTEMFISCAL DEFICITFIXED COSTSFOREIGN BANKSFOREIGN EXCHANGEFOREIGN OWNERSHIPGOVERNMENT BONDGOVERNMENT GUARANTEEGOVERNMENT SECURITIESGROSS REVENUEGROSS SETTLEMENT SYSTEMGROWTH OPPORTUNITIESHOME COUNTRYHOUSEHOLDSINCOME TAXESINDIVIDUAL MARKETINDUSTRIAL COUNTRIESINFLATIONINSURANCEINSURANCE COMPANIESINSURANCE COMPANYINSURANCE INDUSTRYINSURANCE PENETRATIONINSURANCE PRODUCTSINSURERSINTEREST EXPENDITURESINTEREST INCOMEINTEREST RATEINTEREST RATE CONTROLSINTEREST RATE RISKINTEREST RATESINTEREST RATES ON GOVERNMENT SECURITIESINTERMEDIATION SPREADSINTERNAL CONTROLINTERNATIONAL BANKINTERNATIONAL BUSINESSINTERNATIONAL STANDARDSJURISDICTIONSLEGISLATIONLENDING LIMITSLENDING PORTFOLIOLENDING SPREADSLIABILITYLIQUIDATIONLIQUIDITY MANAGEMENTLOANLOAN PORTFOLIOLOCAL MARKETMACROECONOMIC POLICIESMARKET CAPITALIZATIONMARKET INTERMEDIARIESMARKET RISKMARKET RISKSMARKET SHAREMARKET SIZEMATURITIESMATURITYMERGERMINIMUM CAPITAL REQUIREMENTSMONETARY POLICYMORAL HAZARDNEW ENTRANTSNONPERFORMING LOANSOFFSHORE BANKSOFFSHORE MARKETOPEN-MARKET OPERATIONSOPERATIONAL COSTSOPERATIONAL INDEPENDENCEOUTSTANDING LOANSPAPER INSTRUMENTSPAYMENT SYSTEMPAYMENT SYSTEMSPAYMENTS SYSTEMPRUDENTIAL REGULATIONSPRUDENTIAL SUPERVISIONRAPID EXPANSIONRATES OF RETURNREAL ESTATEREAL TIME GROSS SETTLEMENTRECESSIONREGULATORY FRAMEWORKREGULATORY FRAMEWORKSREGULATORY STRUCTUREREINSURANCEREPUTATIONRESERVERESERVE BANKRESERVE BANK OF AUSTRALIARESERVE REQUIREMENTSRETIREMENTRETIREMENT SAVINGRETURNRETURNSRISK EXPOSURESRISK MANAGEMENTRISK WEIGHTED ASSETSSAVINGSSAVINGS DEPOSITSAVINGS RATESECURITIESSECURITIES MARKETSECURITIES MARKETSSETTLEMENTSETTLEMENT RISKSETTLEMENT SYSTEMSSINGLE MARKETSMALL BUSINESSSMALL SAVERSSOCIAL WELFARESOLVENCYSTOCK EXCHANGESTOCK EXCHANGESSTOCK MARKETSTOCKSSUBSIDIARIESSUPERVISORY FRAMEWORKSYSTEMIC RISKSYSTEMIC RISKSTAXTAX LIABILITYTAX RATESTAX REVENUETAXATIONTECHNICAL ASSISTANCETERMS OF LOANSTERRORISMTRADESTRADINGTREATIESTURNOVERWorld Bank10.1596/15945