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

This paper 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, and IMF Monetary and Financial Policy Transparency Codes for Jamaica. The assessment reveals that, although the financial system currently appears well capitalized and supervision has been considerably strengthened in recent years, financial institutions operate in a risky macroeconomic environment. Structural priorities are to improve the insolvency and creditor rights regime and introduce a central securities depository for fixed-income securities.

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Year of publication:	2006-05-01
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Interest rates \| Financial sector \| Financial systems \| Financial soundness indicators \| Financial institutions \| Reports on the Observance of Standards and Codes \| Banking systems \| Bank supervision \| Basel Core Principles \| Credit risk \| Economic conditions \| Gross domestic product \| Public debt \| Payment systems \| credit \| banking \| payments \| credit unions \| payment system \| deposit insurance \| banking supervision \| consolidated supervision \| capital adequacy \| foreign exchange \| rtgs \| clearinghouse \| prices \| banking system \| bank of jamaica \| pension funds \| repo \| checks \| banking sector \| internal audit \| reserve requirements \| capital adequacy ratio \| banking industry \| shares \| bankers \| bankers association \| real time gross settlement \| stress testing \| merchant bank \| reinsurance \| clients \| mortgage bank \| capital base \| settlement risk \| clearing house \| credit union \| point of sale \| sovereign risk \| accounting system \| collateral \| bank profitability \| automated clearing house \| mortgage lending \| pricing \| foreign exchange market \| internal control \| clearing banks \| retail banking \| banking supervisory agency \| banking services \| custody \| penalties \| retail investors \| external auditor \| settlement system \| bank profit \| segregated accounts \| working capital \| problem bank \| capital requirement \| refinancing \| loan classification \| banking authorities \| bank depositors \| physical securities \| retained earnings \| banking activities \| beneficial owners \| banking institutions \| bank rates \| connected lending \| current account \| credit transfers \| bank supervisors \| bank deposits \| liquidity ratio \| banking supervisor \| interest sensitivity \| queuing \| financial safety net \| regulatory forbearance \| counterparty \| bank losses \| protocols \| bank management \| foreign exchange exposure \| basel accord \| bank regulation \| bank balance sheets \| bank policy \| registration \| banking risks \| systemic risk \| return on equity \| return on assets \| electronic fund \| bank assets \| amortization \| level playing field \| bank accounting \| clearing system \| bankers ? association \| holding company \| position limits \| repricing gap \| net interest margin \| prudential requirement \| book entry transfers

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 06/156 6 pages long
Source:	RePEc - Research Papers in Economics

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