The Caribbean

Barbados – This was a project for IADB to look at entire financial sector and consider options for organization of supervisory functions. The LS&A team reviewed the existing regulatory and supervisory frameworks in relation to activities in banking, insurance and securities, and developed a plan for the incorporation of recommendations to catch up with international best practices.

Barbados – This project is for IADB, and currently active. LS&A is assigned to carry out an overview of Credit Union supervision framework, to provide input to modernize and upgrade the supervisory mechanism. A road map and a manual are to be delivered and a study tour for supervisors to be arranged in US and Canada.

Jamaica – A series of projects commencing in the 1990’s and involving diagnosis of problems prior to the Jamaican financial crisis, with subsequent assistance in drafting new supervisory laws and frameworks.  A number of projects for the Financial Services Commission were carried out after its establishment in 2001.

Trinidad and Tobago – Assisted the Central Bank with integration of insurance supervision by assisting with hiring of new personnel, training staff (in addition to classroom training, carry out on-site visits of all licensed insurers and a sample of 22 pension plans), designing software system for integrated supervision, modernizing insurance law, designing risk based supervisory system for insurance and upgrade training on banking side, base line plan for insurance consumer compensation plan, manuals for use of staff.