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The Capital Conservation Buffer under the Basel III Capital Adequacy Framework – Frequently Asked Questions (September 2024)
The Bank of Jamaica issued this document to address industry feedback on implementing the 2.5% Capital Conservation Buffer (CCB) under its Basel III Capital Adequacy Framework. The regulations require Deposit Taking Institutions to hold the buffer exclusively in Common Equity Tier 1 capital, with a phased implementation schedule starting at 0% and reaching the full 2.5% requirement over a six-year period. Additionally, the framework restricts discretionary distributions, such as bonuses and dividends, for institutions whose capital levels fall within the buffer range to ensure capital preservation and loss absorption.
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