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.
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| id |
dig-okr-1098621907 |
|---|---|
| record_format |
koha |
| institution |
Banco Mundial |
| collection |
DSpace |
| country |
Estados Unidos |
| countrycode |
US |
| component |
Bibliográfico |
| access |
En linea |
| databasecode |
dig-okr |
| tag |
biblioteca |
| region |
America del Norte |
| libraryname |
Biblioteca del Banco Mundial |
| language |
English en_US |
| topic |
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 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 |
| spellingShingle |
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 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 World Bank International Monetary Fund Jamaica |
| description |
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. |
| format |
Report |
| topic_facet |
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 |
| author |
World Bank International Monetary Fund |
| author_facet |
World Bank International Monetary Fund |
| author_sort |
World Bank |
| title |
Jamaica |
| title_short |
Jamaica |
| title_full |
Jamaica |
| title_fullStr |
Jamaica |
| title_full_unstemmed |
Jamaica |
| title_sort |
jamaica |
| publisher |
Washington, DC |
| publishDate |
2015-04 |
| url |
http://documents.worldbank.org/curated/en/2015/05/24458992/jamaica-financial-infrastructure-technical-note https://hdl.handle.net/10986/21907 |
| work_keys_str_mv |
AT worldbank jamaica AT internationalmonetaryfund jamaica AT worldbank financialinfrastructuretechnicalnote AT internationalmonetaryfund financialinfrastructuretechnicalnote |
| _version_ |
1807158791750287360 |
| spelling |
dig-okr-10986219072024-08-07T20:27:50Z Jamaica Financial Infrastructure Technical Note World Bank International Monetary Fund 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 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. 2015-05-19T19:10:16Z 2015-05-19T19:10:16Z 2015-04 Report Rapport Informe http://documents.worldbank.org/curated/en/2015/05/24458992/jamaica-financial-infrastructure-technical-note https://hdl.handle.net/10986/21907 English en_US Financial Sector Assessment Program; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank application/pdf text/plain Washington, DC |