The Financial Services Commission, FSC, has been working on mechanisms to improve price transparency in the market and the flow of information to the investing public.

It’s also been working with the entities it regulates on the realignment of capital and liquidity risk management.

Those issue and other reforms to close regulatory gaps have become more urgent because of the disruptions caused by the coronavirus pandemic, not just in Jamaica, but worldwide, as FSC Executive Director Everton McFarlane noted on Wednesday.

“We adopted a three-pronged approach of enhanced dialogue with stakeholders, including market participants, dealers, and partner regulator in the Bank of Jamaica. Through those mechanisms and weekly meetings, we had a tailored response, enhanced monitoring of critical licensees, moving from a monthly basis to weekly, gathering data to develop an appropriate policy response,” McFarlane said, while addressing the Jamaica Stock Exchange 16th Regional Investments and Capital Markets Conference streamed from Jamaica Pegasus Hotel in New Kingston.

http://jamaica-gleaner.com/article/business/20210129/fsc-plugging-regulatory-gaps