We look forward to the insights from the FSAP expert panel so that our macroprudential policy framework best contributes to a well-functioning financial system. This should include the work on our Systemic Risk Crisis Management Framework. This framework represents the Council’s enduring commitment to manage systemic risks at the highest level of policy.
Fear is still too prominent in the discussion for wanting to go outside. As such the private sector’s decisions could be underweighting the returns that their capital would generate in productive investments inside The Bahamas. This point should not be downplayed given already significant liquid resources that lay idle in local banks.