The Jamaican Financial System - Aspects Of The Legal and Regulatory Framework Presentation By Ms Antoinette McKain,CEO, JDIC.

The Caribbean Regional Technical Assistance Centre (CARTAC), in association with the Bank of Jamaica and the Financial Services Commission launched its Regional Financial Literacy Website (www.financialliteracycaribbean.com) and Public Education Programme on Friday January 22, 2010 at the Jamaica Conference Centre. The programme is in response to the global economic crisis and the imperative for persons in the region to improve their financial health. The Honourable Audley Shaw, Minister of Finance & the Public Service gave the feature address. Other speakers included Brian Wynter, Governor of the Bank of Jamaica; Rohan Barnett, Executive Director of the Financial Services Commission; Antoinette McKain, Chief Executive Officer of the Jamaica Deposit Insurance Corporation, as well as representatives from the Eastern Caribbean Central Bank and the Central Bank of Trinidad & Tobago. The Eastern Caribbean and Trinidad & Tobago have already established financial literacy programmes in their countries.

CARTAC, set up in September 1999, is a regional agency based in Barbados which provides technical assistance and training in core areas of economic and financial management at the request of its member countries.

The Jamaica Stack Exchange held its fifth Regional Investments & Capital Markets Conference on January 18-20, 2010. The theme of the conference was “Revival & Renewal: Growth Frontiers for the Regional Capital Markets”. JDIC’s CEO, Ms Antoinette McKain participated in a panel discussion on Leadership, CEO Performance and Company Profitability.

Shortly after the JDIC celebrated its first anniversary a press briefing was called to update media houses and ultimately the public of the achievements of the Corporation. The Chairman gave the address, he spoke about the critical objectives of the Scheme, also the Corporation's Mission Statement, Corporate Vision, Strategic Plan, Investment Policy, Public Education Programme and concerns regarding Y2K issues. Special mention was also made of the CDIC who assisted tremendously in making the Scheme a reality.

The "Banking on Safety Seminar" was put on as part of the continuous effort by the Corporation to make the persons more aware of the protection provided to depositors under the deposit insurance scheme. The seminar was held by the JDIC in association with the Bank of Jamaica. Members of the financial sector and business community as well as the general public were invited to attend.