All Caribbean jurisdictions ground their IBFS sectors on their competitive advantages of geographical location, environmental appeal, a superior quality of life, a relatively stable economic and political environment, and a highly skilled labour force.
This year, we will publish a stand-alone Financial Stability Report outlining the extensive work being undertaken by the Bank on financial stability. Financial stability work includes the development of various early warning indicators of systemic risks. These are events that could spread from one institution to another giving rise to serious problems in the financial system and the economy more generally.