The new standard also requires banks to report their exposures each day to the Central Bank in electronic format. The Bank is reviewing the existing prudential standards (i.e. regulations) covering capital adequacy, large exposures, and asset quality and provisioning that applies to banks and finance companies, with the TA from the IMF.
These prudential standards have been reviewed and implementation will take commence in 2003. New polices are now being drafted to place limits on shareholdings and market share of the banks. 3. Latest economic and outlook for 2003  Economic growth Preliminary estimates of economic activity indicate that real GDP declined by 0.5 percent in 2002, following a revised decline of 3.4 percent in 2001.