Bank of Jamaica weighs up CCyB
Central bank outlines proposals to tackle “excessive pro-cyclicality”
The Bank of Jamaica is deliberating on whether to implement a countercyclical capital buffer (CCyB) to bolster its macro-prudential toolkit.
In a consultation paper issued at the end of June, the central bank sets out plans to “strengthen its ability” to respond to financial stability concerns caused by “excessive pro-cyclicality”.
This could include implementing a CCyB, additional capital buffers for systemically important institutions and debt-servicing tools.
“Jamaica’s largest gap in its
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