Credit unions are also supervised by the Central Bank of Trinidad and Tobago and in Jamaica, by the Bank of Jamaica. This is not the case in Barbados. Despite the variance across the region, regulatory arbitrage has been minimized as all sectoral supervisors benchmark against international banking, securities, insurance and credit union standards and principles.
It is an inter-governmental organisation whose goal is to promote sustainable and equitable economic growth and socio-economic development through efficient productive systems, deeper co-operation and integration, good governance and durable peace and security among fifteen Southern African member-states. In the process of driving its development objectives, the region adopted a Regional Indicative Strategic Development Plan.