Bank of Jamaica proposes ‘hybrid’ resolution framework
New “hybrid framework” proposed after FSB report showed gaps in current resolution processes
Members of the Jamaican Financial Regulatory Committee have proposed a new bank resolution regime that would "enhance" the current legal framework for the resolution of regulated non-viable financial institutions.
The Bank of Jamaica published a consultation on February 28, in conjunction with the Ministry of Finance and Public Service, the Financial Services Commission (FSC) and the Jamaica Deposit Insurance Corporation (JDIC).
"The proposals advocate a hybrid approach to resolution where
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