We now have regional associations for the supervision of banking, insurance, securities trading and pensions, as well as a regional group on anti-money laundering.
Through the Caribbean network of economists, established by the region's central banks and UWI, and centred at CCMF, the Caribbean nations have kept themselves at the forefront of changing international currents in economic and financial analysis. Financial stability analysis has been no exception.
We were early in the field, and we have kept abreast of analytical developments over the years. As a result, three of our central banks now publish financial stability reports with in-depth analysis which is comprehensive, sophisticated and is designed to address the principal areas of potential vulnerability we face. That includes some analysis of regional risks, because our national financial systems are intimately linked, and it is necessary to assess regional (and international) risk exposures, in the search for completeness of national financial risk policy.