FSC Jamaica
The Financial Services Commission (FSC) came into existence on August 2, 2001 by virtue of the Financial Services Commission Act. It has replaced the Office of the Superintendent of Insurance (OSI) and Unit Trusts and the Securities Commission.
During the mid 1990’s (1996-1999), Jamaica's financial sector experienced a period of instability and the Government of Jamaica had to intervene to assist several financial institutions, some of them "large" (five were life insurance companies, one was a general insurance company while eleven were commercial banks and merchant banks) from a severe
liquidity and solvency crisis.
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