Compare and contrast the compliance and financial challenges faced by Optimum Commercial Bank (OCB) which operates in two jurisdictions (Jamaica, Trinidad or Barbados).Discuss how these challenges will impact the financial intuitions ability to offer a wide range of financial products to the public. (500 word)

Important Notes

In the past the bank has been plagued by weak credit administration standards and poor underwriting practices and

The bank has hired several new loan officers to handle problem credits from the Past

.Up until nine months ago the bank has no internal loan review function.

Loan policy does not establish guidelines for portfolio mix by loan type

.The regulatory requires require primary ratio of 10% and Risk Weighted Capital Adequacy (RCWA) of 13%

.The bank introduced CD promotions in 2017 and 2018. While both promotions raised funds, management anticipates that upon maturity in September201950% (40billion) of the balance will run off.

The banks parent company continues to reduce its cash account which will most likely be depleted in only two years.