Many of you know that the Central Bank of Barbados has embarked on a strategy of renewal, based on the premise that we can be as efficient as possible only if we all strive to help each other to be as happy as we can be on the job.
Our monetary policy operations have also been made much more transparent, to enhance public understanding of our actions and objectives. Financial system regulation and supervision With the guidance of the Board, the Bank has modernised its approach to the prudential supervision of banks, in particular through the introduction of risk based supervision.