Barbados’ financial system is well equipped to handle the impact public sector lay-offs will have on Barbadians’ ability to repay loans.
It can also withstand an increase in the number of people looking to tap into their savings to meet daily expenses.
These assurances came yesterday from two senior officials of the Financial Services Commission (FSC) during a Press briefing to launch a public education campaign.
Acting chief executive officer Warrick Ward said both banks and the financial institutions regulated by the FSC remained well-capitalised and resilient.
