Jamaican governor defends update of central bank act
Amendments would give central bank new responsibility for financial stability
The Bank of Jamaica governor has dismissed views that a bill aimed at making the central bank responsible for financial system stability will turn it into a "super-regulator".
Speaking on October 13, Brian Wynter said the claims were "false and misleading". The bill would equip the central bank with powers "relating to information gathering, monitoring and rule-making under the auspices of a statutory committee", but would not impinge on current supervisory framework.
"The purpose of the
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