Jamaica: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Basel Core Principles for Effective Banking Supervision, the CPSS Core Principles for Systemically Important Payment Systems, and IMF Monetary and Financial Policy Transparency Codes
IMF Staff Country Reports, May 1, 2006
Source details
- Canonical URL
- Jamaica: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Basel Core Principles for Effective Banking Supervision, the CPSS Core Principles for Systemically Important Payment Systems, and IMF Monetary and Financial Policy Transparency Codes
Other formats
Bibliographic details
- Published: May 1, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451820164.002
Overview and purpose
- Discusses key findings of the Financial System Stability Assessment on:
- the Basel Core Principles for Effective Banking Supervision,
- the Committee for Payment and Settlement Systems (CPSS) Core Principles for Systemically Important Payment Systems,
- IMF Monetary and Financial Policy Transparency Codes for Jamaica.
- Assessment timeframe / publication date: May 1, 2006.
- Series: IMF Staff Country Reports.
Major findings on financial system stability
- The financial system currently appears well capitalized.
- Supervision has been considerably strengthened in recent years.
- Financial institutions operate in a risky macroeconomic environment.
Structural priorities and recommended reforms
- Improve the insolvency and creditor rights regime.
- Introduce a central securities depository for fixed-income securities.
Thematic coverage and subjects
- Subject areas identified:
- Anti-money laundering and combating the financing of terrorism (AML/CFT)
- Capital adequacy requirements
- Credit
- Credit bureaus
- Crime
- Financial institutions
- Financial markets
- Financial regulation and supervision
- Money
- Securities
- Keywords (as listed):
- Anti-money laundering and combating the financing of terrorism (AML/CFT)
- capital adequacy ratio
- Capital adequacy requirements
- Caribbean
- central bank
- CR
- Credit
- Credit bureaus
- fixed income
- GOJ securities holding
- interest rate
- ISCR
- monetary policy
- Securities
- securities dealer
- security dealers sector
- yield curve
Content in this bundle
- Financial System Structure, 1995–2004