The Journal of Caribbean History: Volume 37, Issue 2

Article 2
Regulation of the Commercial Banking Sector in the British West Indies, 1837-1961

Kathleen Monteith


The regulation of commercial banking in the British West Indies was well established in the nineteenth century, and certainly by the early twentieth century had all the modem features that we now associate with it. It is evident that the authorities were concerned about financial stability, probity and the protection of depositors. Nevertheless, some inconsistencies existed in bank regulation as a whole, and also a prejudice against indigenous commercial banking which contributed to a lack of uniformity and comprehensiveness in the regulation of the sector for much of the period under review.