Protection of Depositors Act marks milestone for financial cooperatives
Finance
Business
Legal
October 15, 2026
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Barbados has crossed a pivotal juncture in the development of financial cooperatives with the formal introduction of the Protection of Depositors Act 2026.
The observation is contained in a message from President of the Barbados Co-operative and Credit Union League, Kemar Cumberbatch, to mark International Credit Union Day.
He says that, for the League, access to deposit insurance was not a privilege bestowed on the movement, but a recognition of fairness and the contribution of indigenous financial institutions to Barbados’ economic and social development.
Finance
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Legal
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