The effects of, and the responses to, the Century National Bank (CNB) and Workers Savings and Loan Bank (WSLB) failures contribute to an understanding of the Jamaican banking crisis and the related issues of regulation and supervision in three main ways. First, analysis highlights the roles that tradition and political influence play in decisions regarding the resolution of problem banks. Second, details the range of techniques that regulators use to mitigate the effects of crises on the one hand, and the effects of criticisms on the other. Third, illustrates the complex interplay of institutional and individual actions--both on the part of regulators and the government.
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