Financial Risk Assessment in an Integrating Region: the Caribbean

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This project is designed to improve the methodologies used for the analysis of financial stability analysis in the Caribbean region. These techniques may then be employed at the participating central banks of the Caribbean region, at the CCMF, at the IDB and at other regional institutions. The project will have three levels of outputs; (i) a set of financial stability indicators at the national and regional level (ii) papers by participating central banks using those indicators and appropriate methodologies of financial stability in their respective countries that may be used as an input to the eventual production of national financial stability reports (iii) publications by the CCMF employing the national and regional indicators and the output of the participating central banks to analyze financial stability at the regional level. At this third and final level an objective is to produce a regional financial stability report. The papers would be prepared for the Committee of Central Bank Governors and will complement initiatives to coordinate regional financial supervision by the Caribbean Group of Banking Supervisors, the Caribbean Association of Insurance Regulators and the Caribbean Group of Securities Regulators, and in close coordination with the Caribbean Regional Technical Assistance Centre (CARTAC). In particular CARTAC is giving technical assistance to several participating central banks that would complement this proposal.