Regulatory Alerts1995-01-01
Bank of Jamaica Standards of Sound Business Practices: Liquidity Management
The Bank of Jamaica issued this document to establish minimum policies and procedures for financial institutions to prudently manage and control their liquidity. It requires institutions to implement comprehensive liquidity management programs that ensure the availability of funds to honor all cash outflow commitments while maintaining diversified funding sources and adequate liquid assets. The framework assigns ultimate responsibility to the Board of Directors for approving policies and oversight, while management is tasked with day-to-day execution, monitoring, and reporting of the institution's liquidity position.
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