High-Level Summary Technical Assistance Reports

Jamaica: Systemic Risk Monitoring

By Petr Jakubik

November 7, 2024

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Format: Chicago

Petr Jakubik. "Jamaica: Systemic Risk Monitoring", High-Level Summary Technical Assistance Reports 2024, 034 (2024), accessed December 22, 2024, https://doi.org/10.5089/9798400292552.029

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Summary

The technical assistance mission aimed to build capacity to enhance financial stability analyses and assessments in the Bank of Jamaica. It reviewed the latest available Financial Stability Report and the analytical toolkit. In particular, the mission helped the bank to estimate sectoral credit risk models to enhance the forward-looking element of its financial stability assessment. It provided several recommendations that covered the financial stability report, methodological work on the financial stability analytical toolkit, internal and external communication, and data sources and their management. It concluded that financial stability should be seen as equally important as monetary policy and supervision.

Subject: Credit risk, Financial regulation and supervision, Financial sector policy and analysis, Financial sector stability, Financial stability assessment

Keywords: Credit risk, Credit risk modeling, Financial sector stability, Financial stability, Financial stability assessment, Financial stability report, Stress testing, Stress testing, Systemic risk, Systemic risk assessment

Publication Details

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