Cash-strapped FSC wants fee hike
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Executive director of the Financial Services Commission (FSC) Lieutenant Colonel Keron Burrell has warned that a widening $262.5-million shortfall is hampering the entity’s ability to keep pace with Jamaica’s rapidly expanding insurance industry.
The FSC is seeking Parliament’s approval to implement long-delayed fee increases and Burrell pointed out that the proposed hike comes after 18 years without any adjustment to the fee structure, leaving the commission financially constrained and struggl
The FSC is seeking Parliament’s approval to implement long-delayed fee increases and Burrell pointed out that the proposed hike comes after 18 years without any adjustment to the fee structure, leaving the commission financially constrained and struggl
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