The Cable

(Trinidad Guardian) BRIDGETOWN—The World Bank and the International Monetary Fund (IMF) are to conduct a comprehensive study of Barbados’ financial services sector. A statement from the Central Bank of Barbados said the two Washington-based financial institutions will conduct the financial sector assessment programme (FSAP) between July 1 and 17. This is the third such assessment of the island’s financial services sector—the other two evaluations were completed in 2002 and 2008. “On both occasions, the local financial services sector was deemed to be well regulated and generally compliant with the international standards established by the Basel Committee on Banking Supervision (BCBS) and the International Association of Insurance Supervisors (IAIS),” the Central Bank said.

Read more


Author: Sourced InformationEmail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Recent Articles

Add comment

Security code

Top Business News

West Indies News Network (WINN FM 98.9)
Unit C24, The Sands Complex
Newtown Bay Road, Basseterre
St. Kitts, West Indies

St. Kitts (Office): 869.466.9586
St. Kitts (Studio-On Air): 869.466.0989
Miami: 1.305.921.4619

New York: 1-718-285-6984
UK : 0333 -344-0065

Copyright © 2016 West Indies News Network. All rights reserved.

Website Design & Development: Genesis Creatives, St. Kitts Nevis