BOJ: Work Progressing on Twin-Peaks Regulatory Model  

• The Bank of Jamaica has given an update on the progress of implementing the twin-peaks model, which was announced earlier this year.
• The supervisory model for the financial sector is to be implemented by the end of the 2024/25 fiscal year. 
• Senior Deputy Governor of the BOJ, Dr. Wayne Robinson, says the structure of the new model and how it will be funded is still being contemplated.
• Under the regime, the Financial Services Commission will be responsible for consumer protection and market conduct oversight, while the BOJ will manage matters of financial stability and prudential affairs.

 (Source:  RJR News)