The mandate of the Barbados Deposit Insurance Corporation is to:

• Provide deposit insurance and contribute to the stability of the financial system for the benefit of depositors while minimising its exposure to loss.

The goals of the Barbados Deposit Insurance Corporation are to:

• To protect small depositors from the risk of loss within the banking system in the event of institutional or systemic failure; and
• To contribute to ensuring the soundness and stability of the financial system as the primary provider of deposit insurance within the country.