2018 Financial Stability Report

First page Table of contents Next page Last page
Preface – From the Governor11
1. OVERVIEW OF THE FINANCIAL STABILITY IN THE ECCU12
2. OVERVIEW OF THE FINANCIAL SECTOR IN THE ECCU15
CHAPTER 1: THE MACRO-FINANCIAL ENVIRONMENT AND KEY RISKS INFLUENCING THE ECCU REGION21
1.0 International Economy21
1.1 The Domestic Economy22
1.2 Key Vulnerabilities and Risks23
1.3 Cyclical Risk25
1.4 Structural Risk27
1.5 Interconnections29
CHAPTER 2: FINANCIAL PERFORMANCE AND SOUNDNESS OF DEPOSIT-TAKING INSTITUTIONS: BANKING AND CREDIT UNION SECTORS31
2.0 Banking Sector31
2.1 Credit Union Sector36
CHAPTER 3: FINANCIAL PERFORMANCE AND SOUNDNESS OF NON-DEPOSIT-TAKING INSTITUTIONS: INSURANCE COMPANIES41
3.0 Overview41
3.1 Risk Assessment43
BOX 1: INSURANCE AND FINANCIAL STABILITY IN THE ECCU44
CHAPTER 4: POLICY INITIATIVES FOR ENHANCING FINANCIAL STABILITY IN THE ECCU46
4.0 Overview46
4.1 New Supervisory Arrangements46
4.2 The Establishment of the ECCU Credit Bureau46
4.3 The Establishment of the Eastern Caribbean Deposit Insurance Corporation47
4.4 Macroprudential Policy Framework47
Chapter 5: OUTLOOK48

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