The Bank established a Payment System Council to research, consult, and advise on payment system policy, in an effort to make the system in the Eastern Caribbean Currency Union more effective, efficient, reliable and secure.
Over the years governments in Barbados have provided fiscal concessions for the purchase of mutual funds, registered retirement savings plans and stock purchases. Commercial banks and other financial entities like insurance companies and credit unions have devised additional products and even the technology which drives financial transactions has been substantially enhanced, so creating an environment for the more rapid growth of capital markets.