Financiers to host downtown symposium
Published:Friday | August 9, 2013 | 12:00 AM
Keisha Hill, Gleaner Writer
The Jamaica Deposit Insurance Corporation (JDIC) is marking its 15th year of providing insurance against the loss of deposits, providing levy premiums for the Deposit Insurance Fund and managing the Deposit Insurance Fund.
In keeping with its public-education and key business strategies, the JDIC, in collaboration with the financial system safety net partners policyholders and stakeholders, including the Bank of Jamaica and the Jamaica Stock Exchange, will be working together to promote and contribute to financial system confidence and stability.
They will be hosting The Financial Markets Symposium and Fair from August 29-31 under the theme 'Promoting Financial Inclusion Through Public Education and Awareness.' The main objective of the event is to facilitate increased financial literacy, promote financial inclusion, and ultimately increase financial system confidence.
The three-day event will be held in downtown Kingston.
According to Antoinette McKain, chief executive officer at the JDIC, the event seeks to promote financial inclusion for all persons and is specifically structured to appeal to the average Jamaican depositor, particularly those who are not part of the formal financial system. She was speaking at the media launch of the symposium and fair at the offices of the Kingston and St Andrew Corporation yesterday.
"The objectives are to educate consumers on the products and services available in the financial marketplace and increase consumer understanding of the financial system regulation and protection. It is hoped that persons' knowledge and involvement in the financial systems will be widened and deepened as well as an increase in the public's confidence about the financial system," McKain said.