What is the importance of the current financial sector regulations in Jamaica?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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What is the importance of the current financial sector regulations in Jamaica?

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Introduction:

Financial regulation: 

Financial institution operations are governed by laws and regulations known as financial regulations. Financial institution regulations are primarily concerned with ensuring the stability of the financial system, promoting fair competition, protecting consumers, and reducing and preventing financial crimes. Market failure can be avoided through effective financial regulation, which also supports macroeconomic stability, safeguards investors, and lessens the negative consequences of financial failures on the real economy.

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