I say additional, because the Central Bank of Barbados supervises the local subsidiaries according to the standards of the Basel Committee of Banking Supervision. Over the years The Central Bank of Barbados has had very good relationships with commercial banks.
•  For Legislative Efficiency To have a comprehensive, consistent statutory registration system for engineers that would alleviate inconsistencies across jurisdictions. •  For Professional Recognition So that the set of standards and skills expected of the engineers are maintained. •  And finally for the Industry/consumer efficiency To provide consumers with the level of experience and skills that is required of the engineer.