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The move brought Jamaica in line with European standards, but at first meant that companies filing their financial reports with the U.S. Securities and Exchange Commission (SEC) would have to reconcile their figures to Generally Accepted Accounting Practices (GAAP) and highlight the differences from IFRS. In June 2007 the SEC allowed companies ...
The Financial Services Commission was established to improved the Financial Supervision in Jamaica after the 1995 Financial Crisis. [1] After the act was passed, the senior directors and key executive members were hired in November 2001.
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Citizens Bank had started in 1967 as Jamaica Citizens Bank, the first Jamaican-owned bank. The US bank, Citizens and Southern had taken a 49% stake, and local interests owned 51%. At some point Citizens & Southern was forced to sell its shares to local interests. Eagle Commercial Bank had been established in 1968, and Island Victoria Bank in 1993.
The Bank of Jamaica (Jamaican Patois: Bangk a Jumieka) is the central bank of Jamaica located in Kingston. It was established by the Bank of Jamaica Act 1960 [ 3 ] and was opened on May 1, 1961. It is responsible for the monetary policy of Jamaica on the instruction of the Minister of Finance .
Jamaica Money Market Brokers (JMMB) is a Jamaican based Caribbean investment firm, operating in Trinidad and Tobago, the Dominican Republic as well as Barbados. [1] [2] [3] [4]
NCB Group Limited was listed on the Jamaica Stock Exchange in 1986. [4] Between 1986 and 1991, the Government of Jamaica divested 61% of its shares in NCB Group Limited, and sold the remaining 39% to Jamaica M&N Investments Limited (a joint venture of the Jamaica Mutual Life Assurance Society and Jamaica National Building Society) in 1992. [4]
Brian Wynter OJ (born in Jamaica, 1959) is a Jamaican banker and financial regulator, who is notable for his work with the Financial Services Commission (FSC). [1] In October 2009, it was announced that he would assume the position as Governor of the Bank of Jamaica on 1 December 2009.