In this connection we would be glad to be involved with the joint initiative of the IMF and the Financial Stability Board (FSB) on “The financial crisis and information gaps”, which speaks to these issues. However, the FSB’s “non-cooperative jurisdictions” initiative is puzzling and unhelpful.
Caribbean jurisdictions were in no way implicated in the recent international financial crisis, and there were no failures in IBFS sectors in Caribbean jurisdictions. Since the FSB’s  BIS Review 142/2010  1  mandate is international financial stability, its selection process, which has placed some Caribbean jurisdictions on its priority list, appears to be flawed.