||Central Bank Of Barbados
The Central Bank of Barbados and the Caribbean Regional Technical Assistance Centre (CARTAC)launch of the Regional Financial Stability Report (RFSR) held on Thursday, March 10.
The (RFSR), the first of its kind in the Caribbean, culminates the development and enhancement of the architecture for financial stability in the Region. This included upgrading the national financial stability systems, since the regional financial stability architecture is built on national structures. The report complements the national financial stability reports and its purpose is to sensitize the Caribbean people to issues relevant to the stability of the regional financial system. By reviewing the main sources of risks to the stability of the regional financial system, as well as the policy measures being used to deal with emerging risks, the report seeks to help build confidence and provide policymakers with guidance on the building blocks to defuse any financial tensions in the system. Further, it identifies the need for financial sector reforms, with an emphasis on increased harmonisation, coordination and cooperation from a regional perspective.
Cleviston.Haynes RFSR- MAR 10.pdf