Another indicator of the degree of cross-border ownership is that seven of the ten largest firms (by asset size) listed on the stock exchanges of Barbados, the Eastern Caribbean, Jamaica and Trinidad and Tobago are financial institutions. Given the multi-faceted nature of the challenges facing Caribbean small states, no single solution exists to address all of their problems.
So in this context, I would like to address specifically two concerns that have arisen about the possible collateral effects of our actions. These are the consequences for allocation and distribution. In terms of allocation, a key concern at the present time is that very loose financing conditions could result in a misallocation of resources, which would ultimately undermine financial stability.