The Economic Programme Oversight Committee (EPOC) has asserted that Jamaica is sufficiently insulated from the banking sector fall out happening in the United States.

Silicon Valley Bank folded after a run on the institution, making it the second largest bank to fail in US history.

 

Signature Bank also collapsed shortly afterwards as depositors began demanding their funds.  

 

Chairman of EPOC Keith Duncan, while conceding that there may be some effects here in Jamaica, said on Friday that he does not expect the sector to be crippled.