Jamaica Gleaner: “Jamaican banks held to higher standards than Basel proposal”
Newly recommended rules for capital adequacy and risk management, to take effect globally over the next five to 10 years, are unlikely to cause any displacements in Jamaica’s commercial banking system, according to a senior central banker.
Jamaica Observer: “Jamaica after the global recession”
MOST persons agree that the worst of the global recession seems to be over for now. There was a heightened risk of a double dip occurring, which is still possible, but this has been reduced with the return of growth to emerging economies.
Jamaica Observer: ‘Ha, ha, ha… who’s laughing now!”
Minister of Finance Audley Shaw last week attended the IMF/World Bank Annual Meetings where he provided reviews on the performance of the Jamaican economy and gave accounts of the damage done to the island by Tropical Storm Nicole.
Jamaica Observer: “US trade deficit ballons as gap with China hits new record”
THE US trade deficit ballooned in August as the gap with China hit a fresh record, official data showed yesterday, suggesting further weakness in the economic recovery.