I wish to congratulate Professor Frank Alleyne, the UWI Alumni Barbados Chapter and the Barbados Institute of Banking and Finance for conceptualising this forum. It is indeed timely. My topic will be about the changes that we have witnessed in the financial sector in recent years and more especially the likely future changes.
In these opening remarks, I will touch on the international and regional influences, technological changes, business needs, changing regulation and their impact on the financial system and on the economy. Further, I will look at the prospects for the sector’s performance in an increasingly liberalised and globalised environment.