Jamaica

Financial infrastructure is the underlying foundation of a country’s financial system. It is comprised of all institutions, information, technologies, rules, and standards which enable financial intermediation. The quality of a country’s financial infrastructure determines the efficiency of intermediation, the ability of lenders to evaluate risk and of borrowers to obtain credit, insurance, and other financial products at competitive terms. This report covers two dimensions of Jamaica’s financial infrastructure: 1) payments, remittances, and securities settlement systems, and; 2) credit reporting systems. This technical note does not provide a detailed assessment of individual payments system in the form of a Report on Observance of Standards and Codes (ROSC), but uses the framework of international standards for carrying out a detailed analysis of the existing systems in Jamaica, including the Committee on Payment and Settlement Systems (CPSS) and International Organization of Securities Commissions (IOSCO) Principles for Financial Markets Infrastructure (PFMIs), the CPSS General Guidance for National Payment System Development, the CPSS-World Bank General Principles on International Remittance Services (GPs), the World Bank General Principles for credit reporting and related methodologies. The information used in the assessment includes relevant national laws, regulations, rules and procedures governing the systems and other available material.

Bibliographic Details

Main Authors:	World Bank, International Monetary Fund
Format:	Report biblioteca
Language:	English en_US
Published:	Washington, DC 2015-04
Subjects:	CREDIT MARKETS, FINANCIAL SERVICES, BORROWER, DEPOSITS, PROPERTY TAX, PAYMENT SERVICE, MERCHANTS, PAYMENT OBLIGATIONS, INTEREST, LIQUIDITY RISKS, PRIVATE CREDIT, REMITTANCE, DEBT MANAGEMENT, BANKING SERVICES, BANKING SYSTEMS, LIQUIDITY RISK, CAPITAL ADEQUACY, INFORMATION SHARING, CREDIT SCORING, LOAN, CREDITWORTHINESS, FEE, BORROWERS, CASH WITHDRAWAL, MUTUAL FUNDS, PAYMENTS, BANKRUPTCY, INFORMATION SYSTEMS, PAYMENTS INFRASTRUCTURE, INFORMATION ASYMMETRIES, MFIS, AFFORDABLE PRICES, PUBLIC POLICY, TECHNICAL ASSISTANCE, COMMERCIAL BANK, MORAL HAZARD, INFORMATION SERVICES, AFFORDABLE ACCESS, FINANCIAL INSTITUTIONS, PAYMENT, DEBT, CAPITAL MARKET, GOOD CREDIT, ENTERPRISES, ELECTRONIC PAYMENTS, APPROVAL PROCESS, CONSUMER LENDING, TERM CREDIT, BANKS, UNIONS, AFFORDABILITY, CAPITAL, FINANCIAL OBLIGATIONS, CREDIT PORTFOLIOS, SOURCE OF INCOME, BANK, TREASURY BILLS, CREDIT INFORMATION, LOAN PORTFOLIO, LOAN PROCESSING COSTS, INSTALLMENTS, BUSINESS LENDING, CREDIT SCORING MODELS, SECURITIES, FINANCIAL INFRASTRUCTURE, MICROCREDIT, CREDIT RISK, PROFITABILITY, MICROFINANCE, ECONOMIC DEVELOPMENT, FINANCIAL SECTOR ASSESSMENT, OPEN MARKET, BANKERS ASSOCIATION, LOAN APPLICATIONS, FINANCIAL INTERMEDIATION, COMMERCIAL BANKS, FAIR TRADING, ELECTRONIC PAYMENT, GREATER ACCESS, CREDIT REPORTS, LOAN PROCESSING, ONLINE BANKING, FEES, CREDIT TRANSFERS, REMITTANCES, FINANCIAL SYSTEMS, CREDIT HISTORY, BANK SERVICE, COOPERATIVE, DEVELOPMENT BANK, CREDIT REGISTRY, CREDIT MARKET, MONEY LENDERS, LINE OF CREDIT, DEPOSIT, CAPITAL MARKETS, ELECTRONIC TRANSFERS, CREDIT CARDS, RECEIPT, VILLAGE, INFORMATION SYSTEM, CREDIT SCORE, GUARANTEES, FINANCE COMPANIES, BANKING SYSTEM, STOCK MARKET, BANK ACCOUNT, WELFARE, FORM OF CREDIT, ASYMMETRIC INFORMATION, INCOME TAX, FAIR ACCESS, CREDIT INSTITUTION, CREDITORS, CREDITOR, LENDER, PROVISION OF CREDIT, FIXED RATE, MICROFINANCE INSTITUTIONS, CREDITS, CREDIT UNIONS, MICRO- FINANCE, CREDIT BUREAUS, UNION, CREDIT SCORES, INTEREST RATES, LENDING DECISIONS, CASH PAYMENT, DEPOSIT ACCOUNTS, RECEIPTS, FINANCIAL PRODUCTS, LENDERS, SOCIAL SECURITY, BANKERS, LOANS, FINANCIAL SYSTEM, DEBIT CARDS, MONEY LENDER, FINANCE, FOREIGN CURRENCY, ADMINISTRATIVE COSTS, VOUCHER, MICRO ENTERPRISES, INFORMATION ASYMMETRY, GOVERNMENT SECURITIES, EQUITY, POINT OF SALE, CREDIT DECISIONS, PAYMENT OBLIGATION, CREDIT PROVIDERS, MONEY LENDING, CREDIT, FORMAL FINANCIAL SERVICES, MINIMUM BALANCE, DEBT COLLECTION, CREDIT HISTORIES, PROPERTY, PAYMENT INFRASTRUCTURE, CREDIT REPORTING, PAYMENT HISTORY, VOUCHERS, FINANCIAL ACCESS, BALANCE SHEET, CREDIT BUREAU DATABASE, FINANCIAL SERVICE, CREDIT BUREAU, CREDIT UNION, BANK ACCOUNTS, CREDIT REPORT, CREDIT INFORMATION SYSTEM, REGULATORY OVERSIGHT, ACCESS TO CREDIT, INTERESTS, PROVIDERS OF CREDIT, SECURITY, FINANCIAL MARKET, INVESTMENT, OUTSTANDING DEBT, CREDIT INFORMATION SYSTEMS, COLLATERAL, PAYMENT SERVICES, FINANCIAL MARKETS, COOPERATION, COOPERATIVES, REVENUE, COMMERCIAL LENDING, BORROWING, RISK MANAGEMENT, MERCHANT, EXCHANGE RATE, OUTREACH, BANK BRANCHES, INFORMATION INFRASTRUCTURE, CREDIT DECISION, CONSUMER PROTECTION,
Online Access:	http://documents.worldbank.org/curated/en/2015/05/24458992/jamaica-financial-infrastructure-technical-note https://hdl.handle.net/10986/21907
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