In addition, much of the risk was laid off in the banking sector so that the fortunes of the  4  BIS Review 53/2009  banking industry and the insurance industry in the US became intertwined.
The domestic insurance industry in Barbados is not engaged in credit default insurance on any significant scale, so that the fortunes of insurance companies are not as exposed to this type of activity. It is important that Barbados does not allow confidence in its institutions to be shaken by these developments.