Conclusion I envisage further expansion in selected markets outside Barbados will likely become a key strategy for a number of the large domestic financial institutions. I expect in the near future that since Credit Unions in Barbados will begin to match commercial banks in the range and quality of the services provided and that they will become virtual replacements for indigenous commercial banks.
While the insurance companies which owned banks have disposed of their interests, greater coordination in the regulation of the financial sector will still likely occur as the services supplied by banks and insurance companies become less distinct. Already Registered Retirement Savings Plans offered by commercial banks resemble an insurance product.