Regulatory Alerts2024-01-01
Consultation Paper on Revised SSP for Effective Corporate Governance of DTIs and FHCs (December 2024)
The Bank of Jamaica issued this consultation paper seeking feedback on a revised Standard of Sound Practice for the corporate governance of Deposit-Taking Institutions and Financial Holding Companies. The proposed framework establishes principles-based expectations for Board composition, group governance, risk appetite, and risk culture while emphasizing the duties of care and loyalty for directors. Stakeholders are invited to submit comments by March 3, 2025, to inform the finalization of these supervisory requirements.
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