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PB2024-014 CBCS uses innovative tools for early risk detection

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PB2024-014

CBCS uses innovative tools for early risk detection

Willemstad/Philipsburg - The CBCS has been upgrading its risk monitoring systems and technical capacities to stay up to date with global developments. By ensuring a robust risk monitoring mechanism, the CBCS can detect risks faced by our financial system as early as possible.

The CBCS' early warning monitoring system (EWMS) is the main tool used to examine systemic Financial Stability risks. Identifying risks in an early stage enables the CBCS to resort to timely policy action. In addition to the conventional early warning indicators, various forecasting techniques provide the CBCS with insights into how the balance sheets of financial institutions can change in the event of an unfavorable shock.

Last updated: 15.05.2024 11:05