Newsletter Sep 2006: Advanced approaches some way off for Caribbean

BRIDGETOWN, Barbados – The date for implementing an advanced approach to assessing credit risk under the complex Basel II bank capital rules is some way off for most banks in the Caribbean, one of the region’s leading central bankers has said. Central Bank of Barbados governor Marion Williams said the three-year history of credible internal credit ratings required to implement the advanced internal ratings-based (IRB) approach will extend the time for implementation.