Over the last several months, banks have been receiving a number of guidelines originating from the Central Bank of Barbados in preparation for the migration to Basel II. We have been in constant contact with commercial banks on their feedback on these proposed guidelines. However, it is very timely that we should meet.
There is a lot to talk about and a number of areas to be clarified. I trust that by the end of our meeting over the next two days, we will be closer to fine-tuning our road map for the implementation of Basel II. The panelists you will hear over the next two days will take us a long way toward our goal.