Having reviewed the Bank of Jamaica (BOJ) 2019 Financial Stability Report, the Financial System Stability Committee (FSSC) has indicated that the data and analysis presented showed that Jamaica’s financial system remains sound and stable.

The report assessed developments in the financial system and the associated systemic risks since the September 2018 quarter.

According to the committee, both deposit-taking institutions and non-deposit taking financial institutions were well capitalised and profitable and the extent of maturity mismatch of financial entities’ balance sheets and their ability to meet significant demand for liquidity showed no significant change in the review period.

http://www.jamaicaobserver.com/business-report/jamaica-s-financial-system-remains-sound-and-stable-fssc-but-covid-19-impacts-looms_191217