For businesses, it allows them to test the feasibility of their innovations in a real-world, but controlled, environment. The purpose of this Regulatory Sandbox is two-fold. However, the rapid evolution of Fintech also means that these innovations might not be captured under current financial sector legislation that exists to protect Barbadians.Īs a result, the Central Bank of Barbados (CBB) and the Financial Services Commission (FSC), the nation’s two financial regulators, have established a Regulatory Sandbox where entities can do live testing of their products and services. Online Chronicle of Central Bank PoliciesĪdvances in financial technology (Fintech) have led to the emergence of products and services that have the potential to make conducting financial transactions more efficient and less expensive.GDP, Inflation, Labour and Other General Statistics.Foreign Account Tax Compliance Act (FATCA).Periodic Payments Form (Original and Duplicates).Foreign Currency Form (Not For Imports).Citizen’s Dictionary of Exchange Control Terms.Savings Bonds (Amendment) Regulations 2015.Central Bank of Barbados Pensioner Declaration Form.Financial Stability and Financial Regulation.
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