The Financial Services Commission (FSC) has launched a new supervisory framework described and named the Risk-Based Supervision (RBS) approach. The commission, in announcing the new framework, said it will set out a revised approach for oversight and risk assessment of Jamaica's non-deposit-taking financial institutions (NDTFIs).   The FSC is one

JMMB Investments (Trinidad and Tobago) Limited (JMMBTT) has launched five new mutual funds while Sagicor Asset Management Inc (SAMI) has launched the Sagicor Renewable Energy Fund (class A cell shares) through Sagicor Special Opportunity Funds SCC (Segregated Cellular Company). The JMMBTT funds include the United States dollar (USD) Regional Sovereign

Minister of Science, Energy and Technology Daryl Vaz says that, in order to safeguard Petrojam's future viability, and enable it to respond to the changing paradigm of the diversified fuel market, the National Energy Policy has mandated the modernisation of the refinery. “To ensure that it functions as the least

Four weeks after the Government rejected calls for a reduction in fuel tax, Jamaica Public Service (JPS) President and Chief Executive Officer Michel Gantois lobbed the issue back to the State, arguing that a suspension of the tariff would be of great benefit to Jamaicans. Gantois made the forehand volley

THE freshly released annual report of the Bank of Jamaica (BOJ) chronicles the administrative changes which have been implemented one year after the Bank of Jamaica (Amendment) Act, 2020 took effect. The amended Act allows the central bank to operate independently of the Ministry of Finance while it seeks to

As the July deadline for microlenders to be licensed under a new supervisory regime by the Bank of Jamaica (BOJ) looms, the group representing microcredit institutions (MCIs) across the island is looking forward to a sit-down with the Ministry of Finance and the BOJ to discuss what it is describing

Jamie Dimon laid out a laundry list of big risks looming for the global and United States economy in his letter to JPMorgan Chase shareholders on Monday. Dimon’s annual letter has become something of a tradition for JPMorgan investors as well as the public. Never too shy to share his

Odia Reid (right), vice-president, claims, general counsel & corporate secretary, Advantage General Insurance Company, holds one of the donated laying hens while posing alongside Jonathan Wemyss-Gorman (middle) and Angela Lewis-Coley (left), residential service officer, Maxfield Park Children’s Home. https://jamaica-gleaner.com/article/news/20220407/corporate-hands-advantage-general-donates-egg-layers-maxfield-park-childrens

SAGICOR Group Jamaica (SGJ) on Friday last disclosed that it has completed 100 per cent share acquisition of Alliance Financial Services Limited (AFSL), after having met the Bank of Jamaica's (BOJ's) regulatory requirements. A release from the BOJ confirmed the Sagicor's takeover of AFSL, noting that, “Under the new ownership

1 comment PLAYERS in the insurance industry are being accused for not doing enough to deal with fraud because they can recoup any losses by charging consumers higher premiums. The claim was made by an industry insider, who requested anonymity to openly discuss the matter with the Jamaica Observer,