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Bank of Jamaica (BOJ) Governor, Richard Byles.

Richard Byles Appointed to Chair FSC Board

Bank of Jamaica (BOJ) Governor, Richard Byles, has been appointed Chairman of the newly constituted Financial Services Commission (FSC) Board, effective Monday (January 23). This was announced by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke,...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, speaking during a policy address on the financial sector on Monday (January 23) at the Ministry of Foreign Affairs and Foreign Trade in downtown Kingston.

Stiffer Penalties Coming for Breaches of Financial Laws

Prime Minister, the Most Hon. Andrew Holness

PM Pledges to Uncover Extent of Fraud at SSL

2023 Lasco Top Cop, Woman Constable Jayann Raymond, receives a cheque for $150,000 from Executive Chairman of Lasco Affiliated Companies, James Rawle. Occasion was the LASCO/Jamaica Constabulary Force (JCF) ‘Saluting Our Heroes’ awards ceremony held on Friday (Oct. 20) at the AC Marriott Hotel in New Kingston.

PHOTOS: Woman Constable Jayann Raymond is LASCO/JCF Top Cop

Prime Minister the Most Hon. Andrew Holness

Statement from Prime Minister Andrew Holness on the Fraudulent Activity at Stocks and Securities Limited (SSL)

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Minister of Finance and the Public Service, Dr. The Hon. Nigel Clarke, speaking during a meeting at the Ministry of Foreign Affairs and Foreign Trade in downtown Kingston, on Thursday (January 19).

3 years ago Finance & Public Service

Gov’t Commits to Full Transparency Into Activities at SSL

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, has given the commitment of complete transparency into alleged fraudulent activities at Stocks and Securities Limited (SSL). In a statement issued on January 19, Dr. Clarke also assured the public of full disclosure regarding the Financial Services Commission (FSC) and its role and decisions on the matter. He...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, speaks during a meeting at the Ministry of Foreign Affairs and Foreign Trade in downtown Kingston, on Thursday (January 19).

3 years ago Finance & Public Service

New Head at Financial Services Commission

Chief Prudential Officer at the Bank of Jamaica (BOJ), Kerron Burrell, has been seconded to the Financial Services Commission (FSC) to head the agency’s operations, following the resignation of Executive Director, Everton McFarlane, effective January 31, 2023. This was announced on Thursday (January 19) by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, while speaking during...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke.

3 years ago Finance & Public Service

Reassurance Given to Preserve Integrity of Country’s Financial System

Jamaica’s authorities have given reassurance of efforts being committed to preserve the integrity of the country’s financial system and safeguard stakeholders’ interests. This assurance comes from the Ministry of Finance and the Public Service and the Bank of Jamaica (BOJ), in light of a case of alleged fraud being investigated at investment firm, Stocks and Securities Limited (SSL). The Financial...

Executive Director, Financial Services Commission (FSC), Everton McFarlane, addressing journalists during a press conference at the EX-IM Bank Business Centre in Kingston, on Wednesday (January 18).

3 years ago Finance & Public Service

FSC to Strengthen Fraud Prevention in Regulated Institutions

The Financial Services Commission (FSC) will be taking steps to assist FSC-regulated institutions to strengthen their mechanisms to detect and prevent fraud. This was disclosed by Executive Director, Everton McFarlane, against the allegations of fraud at investment firm Stocks and Securities Limited (SSL). Speaking during a press conference at the EX-IM Bank Business Centre in Kingston on Wednesday (January 18),...

Executive Director, Financial Services Commission (FSC), Everton McFarlane, addressing journalists during a press conference at the EX-IM Bank Business Centre in Kingston, on Wednesday (January 18).

3 years ago Finance & Public Service

FSC to Disclose Outcome of Investigations Into SSL

The Financial Services Commission (FSC) has committed to making full public disclosure of the outcome of investigations and other interventions into the incident of alleged fraud reported at investment firm Stocks and Securities Limited (SSL). FSC Executive Director, Everton McFarlane, gave this undertaking during a press conference at the EX-IM Bank Business Centre in Kingston on Wednesday (January 18). He...

Director General, Statistical Institute of Jamaica (STATIN), Carol Coy, addresses the agency’s digital quarterly media briefing, on Tuesday (January 17).

3 years ago Finance & Public Service

STATIN Reports Decrease in December Inflation Rate

The rate of inflation for December 2022 decreased by 0.9 percentage point to 9.4 per cent, compared to November, the Statistical Institute of Jamaica (STATIN) has reported. The reference week for the December 2022 Consumer Price Index (CPI) was the first full week of the month. Director General, Carol Coy, says the negligible decline in the index was mainly influenced...

Councillors participating in the monthly meeting of the St. Elizabeth Municipal Corporation.

3 years ago EducationFinance & Public Service

Direct Bank Deposits for St. Elizabeth PATH Beneficiaries

Residents of selected communities in St. Elizabeth are receiving their Programme for Advancement Through Health and Education (PATH) benefits through direct deposit payments to their accounts. This is under a pilot programme being undertaken by the Ministry of Labour and Social Security in the parish. The Ministry’s St. Elizabeth Parish Manager, Michelle Senior, said that the payment option is being...