Central Bank Priorities 2017

(a) Supervision and Enforcement

The Central Bank's Strategic Plan 2016-2018 published in 2015 is now well underway. The Bank's Mission Statement 'Safeguarding Stability, Protecting Consumers' remains at the heart of what it does and encapsulates the dual priorities for the Central Bank in delivering on its mandate. Regulation of financial institutions and markets is undertaken through risk-based supervision, which is underpinned by credible enforcement deterrents. This mandate is delivered through a range of tools which include:

• supervisory assessments of individual firms according to the engagement cycles set out under PRISM;
• monitoring of regulatory returns filed with the Bank;