Macro-Critical Issues and Implications for the Financial Sector in CARICOM

Risks from climatic changes, advances in financial technology, de-risking activities by correspondent banks, and changing lifestyles and expectations of millennial customers are deemed to be macro-critical issues with the potential to trigger a creative disruption in the financial sector in CARICOM in the not-too-distant future. This Policy Brief examines these issues and discusses their implications for the region’s financial sector as we know it. The salient message from this Brief is that the financial sector in CARICOM must accept the inevitability of change and effectively position itself both strategically and operationally so as to remain relevant and to be fit for the future.