While there has been some improvement in tourist arrivals, the OECS saw another year of economic decline, albeit at a reduced rate. Jamaica and Barbados both reported the start of a very weak recovery).
It might be worthwhile to examine the prudential benefits – the additional insights gained by us as supervisors as well as by the banks’ senior managers from the stress tests – against the opportunity costs in terms of compliance measures and the allocation of management and examination resources for both supervisors and those banks.