Central Banking

Bank of Jamaica proposes ‘hybrid’ resolution framework

piggy-bank
Jamaica offers framework for troubled banks, with liquidation as a last resort

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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