The vexed matter of the CLICO and British American Insurance Companies which are headquartered in those countries and to which citizens and institutions in the OECS have a very large exposure.
In 2011, we were among the first in the EU to introduce responsible lending regulations and establish restrictions on lending standards for housing loans, namely loan-to-value, debt-service-toincome, and loan maturity. Moreover, macroprudential capital buffers were introduced as soon as they became available in the European regulation from 2015.