Tweet
nervous.
David Smithhave di white bwoy dem inna panic...
"The dominance of regional financial conglomerates coupled with segmented regulatory oversight could provide ample room for regulatory arbitrage and cross-market spill-over of shocks within the Caribbean," they warned.
At the same time, IMF experts who reviewed the Jamaican economy last month endorsed the government's aggressive scrutiny of unregulated financial schemes, which could be vulnerable to interest rate risks.
While the IMF technocrats did not call names, their reference to unregulated schemes was most likely to be David Smith's <SPAN class=kLink style="FONT-WEIGHT: 400; COLOR: orange! important; BORDER-BOTTOM: orange 1px solid; FONT-FAMILY: Arial, Helvetica, sans-serif; POSITION: relative; BACKGROUND-COLOR: transparent">currency </SPAN><SPAN class=kLink style="FONT-WEIGHT: 400; COLOR: orange! important; BORDER-BOTTOM: orange 1px solid; FONT-FAMILY: Arial, Helvetica, sans-serif; POSITION: relative; BACKGROUND-COLOR: transparent">trading</SPAN> club, Olint, as well as the opaque group Cash Plus International.
David Smithhave di white bwoy dem inna panic...
"The dominance of regional financial conglomerates coupled with segmented regulatory oversight could provide ample room for regulatory arbitrage and cross-market spill-over of shocks within the Caribbean," they warned.
At the same time, IMF experts who reviewed the Jamaican economy last month endorsed the government's aggressive scrutiny of unregulated financial schemes, which could be vulnerable to interest rate risks.
While the IMF technocrats did not call names, their reference to unregulated schemes was most likely to be David Smith's <SPAN class=kLink style="FONT-WEIGHT: 400; COLOR: orange! important; BORDER-BOTTOM: orange 1px solid; FONT-FAMILY: Arial, Helvetica, sans-serif; POSITION: relative; BACKGROUND-COLOR: transparent">currency </SPAN><SPAN class=kLink style="FONT-WEIGHT: 400; COLOR: orange! important; BORDER-BOTTOM: orange 1px solid; FONT-FAMILY: Arial, Helvetica, sans-serif; POSITION: relative; BACKGROUND-COLOR: transparent">trading</SPAN> club, Olint, as well as the opaque group Cash Plus International.