CENTRAL BANK OF BARBADOS AND FINANCIAL SERVICES COMMISSION TO RELEASE THE SECOND ANNUAL FINANCIAL STABILITY REPORT ON MARCH 15

The Central Bank of Barbados (CBB) and the Financial Services Commission (FSC) today announced that the 2012 Financial Stability Report (FSR) will be released at a media event at the Tom Adams Financial Centre on Friday 15 March 2013 at 11:00 a.m.

The 2012 FSR assesses the outlook for the stability and resilience of Barbados’ financial services sector, including its commercial banking and insurance industries, the credit union movement, the Barbados Stock Exchange as well as non-bank financial institutions. The Report examines a range of financial stability indicators for financial institutions, as well as balance sheets and income and expenditure trends in the various entities. The Report also identifies the policy actions which may be necessary to reduce and mitigate risks to stability.

The Bank and the FSC 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 Bank and FSC strongly support this position and, with the assistance of stakeholders, will be publishing Financial Stability Reports annually.

The Bank and the FSC 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 Bank and FSC strongly support this position and, with the assistance of stakeholders, will be publishing Financial Stability Reports annually.

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

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

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