01986cas a2200241 a 4500 AALejournalIMF019470 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498323277 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. The Bahamas : Financial System Stability Assessment. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (56 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The Bahamas appears to be resilient to current threats to its financial stability, but action is needed to safeguard against potential weaknesses. There is a large stock of problem assets that needs to be dealt with from a variety of perspectives: systemic risk monitoring, banking supervision, and crisis management. Vulnerabilities to natural disasters and external economic contagion heighten this need. The banking sector dominates the financial system and has focused on residential mortgages and consumer loans during a long period of economic stagnation. Despite poor growth the sector has remained profitable. However, the small domestic residential property market backing most secured lending is prone to shocks and illiquidity. This has historically led to high and persistent levels of nonperforming loans (NPLs), which significantly increase uncertainty and fragility in the banking system. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2019/199 Full text available on IMF http://elibrary.imf.org/view/journals/002/2019/199/002.2019.issue-199-en.xml IMF e-Library