Regulatory Alerts2015-01-01
The Banking Services (Deposit Taking Institutions) (Capital Adequacy) Regulations, 2015
The Supervisory Committee of Jamaica issued these regulations to establish capital adequacy requirements for deposit-taking institutions under the Banking Services Act. The rules mandate that institutions maintain a primary capital ratio of at least six percent and a capital adequacy ratio of at least ten percent, calculated against risk-weighted assets and foreign exchange exposures. Compliance is required within six months of the regulations' commencement, with specific schedules detailing risk-weighting categories, credit conversion factors, and foreign exchange risk calculations.
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