FSC claims BOJ has remit to deal with reporter issues of deposit takers

The Financial Services Commission (FSC), requested by the Jamaica Observer to remark on issues expressed by the World Bank regarding the function of national regulatory authorities in working with the correspondent banking issue, indicated that it was carrying through its mandate. Banks, it said, will be the duty of the Bank of Jamaica, while it's controlling the non- deposit. In a 2015 report on states impacted with a decline in correspondent banking relationships, the World [...]

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