Tag: finance
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What is Underwriting?
Underwriting is the careful review of a loan application to decide whether the borrower can repay the money. It is how banks measure risk before lending. The word itself has an interesting history. In the 1600s, merchants and ship owners gathered at Edward Lloyd’s Coffee House in London to arrange insurance for risky sea voyages.…
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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…