Byles: Boards must bolster supervision

Corporate boards across the Caribbean must take greater responsibility for policing their own institutions, Bank of Jamaica (BOJ) Governor Richard Byles said on Tuesday, warning that some financial conglomerates have grown so large and span multiple territories that no single regulator has full visibility. “We must also consider that the Caribbean financial system is deeply interconnected. We have conglomerates operating across multiple jurisdictions, business models, and cultures,” Byles told delegates at the Caribbean CFO Summit 2026 in Kingston.