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New fin-sec regulatory model set for full implementation in 2025

Deputy Governor of the Bank of Jamaica, Wayne Robinson, says legislation for the new twin peaks model of financial system regulation is not expected to go to Parliament before 2025.
 
He made the disclosure at a central bank press briefing last month.
 
The Twin Peaks regulatory model was introduced this year after fraud at Stocks and Securities Limited was discovered.
 
It involves legislative components and the actual regulations, among other things.


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