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UNIT 2
MODULE 2: COMPLIANCE LEGISLATION AND STATUTES (cont’d)
SPECIFIC OBJECTIVES CONTENT
Students should be able to:
7. explain the types of (a) Capital market efficiency.
(b) Legal Tradition.
governance systems; (c) Reliability of Accounting Standards.
(d) Enforcement of Regulations.
8. explain the importance of bank (e) Societal and Cultural Values.
licence jurisdictions; (a) The concept of bank license – types of
9. explain the factors that offshore bank license.
influence ICT innovation in (b) How a bank is granted permission for the
microfinance;
use of the word “bank”.
(c) Bank license in the Caribbean and
international jurisdictions.
(d) The benefits of bank license jurisdictions.
(e) The process of licensing requirements for
an offshore bank.
(f) The process of revocation of licenses.
(g) The concept of capital adequacy.
(h) The principles of capital adequacy within
the Caribbean.
(i) The systems to monitor capital adequacy:
Basel Accord (Basel I, II and III).
(a) Financial infrastructure.
(b) Transparency and information.
(c) Technical support services.
(d) Business association and networks.
CXC A38/U2/16 45
