Author: Dayton Outar
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What is Income Instability
When a bank decides whether to give someone a loan, it wants to know more than how much money the person earns. It also wants to know how stable that income is. This is called income stability. Income stability means how reliable and consistent a person’s earnings are over time. Someone who receives regular pay…
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What Banks Look At Before Giving You a Loan
When banks decide whether to give someone a loan, they want to know one thing: Can this person really afford it? To help answer that, they use affordability ratios — simple comparisons between income (how much money you earn) and debt (how much money you owe people). 1. Debt-to-Income This shows how financially stretched someone…
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What Bitcoin’s Meltdown Reveals About Markets
Bitcoin has been suffering a meltdown since October last year, and the sequence of events surrounding the dramatic drop is revealing more than just price volatility. Patrick Boyle stitches together a number of these developments, pointing to three main takeaways. Firstly, Bitcoin has strayed from its initial purpose. Secondly, the operations required to create a…
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Do We Have Too Many Regulations?
So, I was at a recent networking event staged by the PSOJ when someone asked: “Do you think Jamaica has more regulations than necessary?” My immediate response was no. Jamaica largely complies with international standards imposed by global bodies. But that question forced me to look deeper — not at Jamaica first, but at history.…
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The Real Bottleneck in Financial Inclusion Isn’t Regulation
Jamaica is not excluding people from finance by choice. It is excluding them by process. Every delay in opening an account, every manual underwriting step, every conservative credit assessment that defaults to “no” is a quiet decision made by a system that was never designed for the people it now serves. Inclusion fails not at…