Thematic Articles Published Alongside the 2025 Financial Stability Report

The 2025 Financial Stability Report, jointly published by the Financial Services Commission and the Central Bank of Barbados, is accompanied this year by three thematic articles examining specific areas of the financial system in greater depth.

Each article is available for download below.

IFRS 17 - A New Accounting Standard for Insurance Companies in Barbados

IFRS 17 – A New Accounting Standard for Insurance Companies in Barbados: Implementation Challenges, Implications, and a Regulatory Roadmap
Prepared by Nicole Phillips, Actuarial Officer at the Financial Services Commission, this article examines the introduction of IFRS 17 in Barbados, the challenges insurers face in implementing it, and what the transition means for regulatory reporting.

The Emergence of AI – Threat or Benefit to Financial Stability in Barbados

 

The Emergence of AI – Threat or Benefit to Financial Stability in Barbados
This article considers how the adoption of artificial intelligence within the financial sector may affect financial stability, and the questions it raises for regulators and institutions.

 

Assessing Direct Balance Sheet Linkages Between Banks and Non-Bank FIs in Barbados

 

Assessing Direct Balance Sheet Linkages Between Banks and Non-Bank Financial Institutions in Barbados
Non-bank financial institutions have continued to grow relative to banks. This article examines the direct balance sheet connections between the two, and why those connections matter for the stability of the wider system.