Central Bank of Barbados to Launch Its First Financial Stability Report

The Central Bank of Barbados (CBB) just announced the launch of its inaugural Financial Stability Report (FSR) at the Grande Salle, Tom Adams Financial Centre on Friday, January 27, 2012 at 11:00a.m.

The 2011 FSR assesses the outlook for the stability and resilience of Barbados’ financial services sector, including its commercial banking and insurance industries, as well as the credit union movement.

The launch of the FSR will be streamed live on the Bank’s website - www.centralbank.org.bb

The Report also identifies the policy actions which may be necessary to reduce and mitigate risks to stability.

The Bank explained that the global financial crisis had occasioned renewed focus on financial stability and international financial institutions are strongly encouraging countries to provide a public assessment of their financial sector. The Central Bank of Barbados supports this position and, with the assistance of stakeholders, will be launching Financial Stability Reports annually.

The FSR should be of immense interest to all participants in the financial services sector, as well as the general populace.

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