Jamaica: Systemic Risk Monitoring

The technical assistance mission aimed to build capacity to enhance financial stability analyses and assessments in the Bank of Jamaica. It reviewed the latest available Financial Stability Report and the analytical toolkit.
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Volume/Issue: Volume 2024 Issue 034
Publication date: November 2024
ISBN: 9798400292552
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Topics covered in this book

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Banks and Banking , Finance , Stress testing , Systemic risk assessment , Financial sector stability , Credit risk , Financial stability assessment , financial stability , financial stability report , systemic risk , stress testing , credit risk modeling

Summary

The technical assistance mission aimed to build capacity to enhance financial stability analyses and assessments in the Bank of Jamaica. It reviewed the latest available Financial Stability Report and the analytical toolkit. In particular, the mission helped the bank to estimate sectoral credit risk models to enhance the forward-looking element of its financial stability assessment. It provided several recommendations that covered the financial stability report, methodological work on the financial stability analytical toolkit, internal and external communication, and data sources and their management. It concluded that financial stability should be seen as equally important as monetary policy and supervision.