Central Banking

Bank of Jamaica proposes ‘hybrid’ resolution framework

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: