The Financial Institutions Act 1996-16 (FIA) and the International Financial Services Act 2002-5 (IFSA) provide the Central Bank of Barbados (Bank), with discretionary intervention powers to address identified areas of weaknesses in the financial condition or operational practices of licensees, or their non-compliance with applicable laws, regulations or supervisory instructions. The intervention process is intended to identify areas of concerns early and to minimize potential losses to depositors or other creditors as well as maintain the overall stability of the financial sector