Barbados: Stress test on financial systems reveal robust and stable financial institutions

The more recent results from a stress test conducted on the financial systems in Barbados indicate that financial institutions in the island-nation have enough capital withstand external shocks, and additionally, that the financial systems are stable, and remain robust and strong.

Dr. Delisle Worrell, the governor of the Central Bank of Barbados, also revealed that the country’s financial institutions performed well even though two of them fell below the level of capital they are required to have relative to their risks.

The financial stress test was conducted by the Central Bank of Barbados and the country’s Financial Services Commission, and the result of which was a financial stability report.

Barbados remains committed to becoming the financial center of the Caribbean, and it released its first financial stability report in January 2012.