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The Caribbean Association of Bank’s October 2016 Report on De-risking

by Charlie Bush

The Caribbean’s financial industry has been severely affected by de-risking in the past two years. Various organisations and institutions have attempted to measure the extent of this phenomenon, including the Caribbean Association of Banks’ correspondent banking survey.[1] Published recently, the survey and its accompanying report provide detailed information on how this region has been significantly damaged by regulators in the USA and Europe. Some of the results appear to fit with common assumptions made regarding de-risking; others however come as a surprise.

Key findings

By Moin Siddiqi, Economist Papua New Guinea (PNG), the Pacific’s largest and most populous island state and home to a huge diversity of peoples, languages and cultures, and a unique biodiversity,...

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