We can’t afford to close a DSIB, and we have no capital markets providers to take the failure risk. This is far from unusual in small countries—so why are we putting a lot of time into Internal Capital Adequacy Assessment Processes (ICAAPs), recovery plans, resolution plans, and the like? Because that is the international expectation.
It would be better to develop a supersimplified but pragmatic approach that minimizes but does not eliminate the potential for public sector bailouts of DSIBs. 5  4  Conclusion  To sum up: the Bahamian experience, and from what we have seen of other small country experience with the Basel Committee, has generally been positive.