Regulatory Alerts2022-01-01
Consultation Paper on the Proposed Standard of Sound Practice on Fitness and Propriety
The Bank of Jamaica issued this consultation paper to propose a Standard of Sound Practice on Fitness and Propriety for institutions regulated under the Banking Services Act, 2014. The document outlines the principles, governance framework, and minimum assessment criteria for evaluating the competence, probity, and financial soundness of directors, officers, and key employees. It establishes the Bank's supervisory approach to ensure that relevant persons maintain high ethical standards and operational integrity to safeguard the stability of the financial sector.
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