Regulatory Alerts1995-01-01
Bank of Jamaica Capital Management Standards of Sound Business Practices
The Bank of Jamaica issued this document to establish minimum policies and procedures for licensees to maintain adequate capital and prudently manage their capital requirements. It mandates that institutions implement comprehensive capital management programs, including ongoing monitoring and annual planning processes to ensure solvency and meet regulatory standards. The framework assigns ultimate responsibility for capital adequacy to the Board of Directors while requiring management to develop policies, monitor capital positions, and report on compliance.
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