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List and describe the various pieces of legislation(s) that governs the banking industry in Jamaica. Analyse the main mechanisms of credit risk transfer developed by

  1. List and describe the various pieces of legislation(s) that governs the banking industry in Jamaica.
  2. Analyse the main mechanisms of credit risk transfer developed by banks between 1970 and 2007.
  3. In your assessment which of the developments mentioned would have most contributed to the global financial crisis?
  4. How did the financial crisis that originated in the USA spread to the rest of the World? What was the impact on the Caribbean?
  5. Briefly compare bank financial management practices for a simple retail bank with that of a modern bank.

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