FINSAC Report To Be Completed By November, Delayed Due To Volume Of Documents To Be Examined
Minister of Finance and the Public Service, Hon. Audley Shaw, has indicated that the report from the Financial Sector Adjustment Company (FINSAC) Commission of Enquiry into the collapse of the financial sector in the 1990s is expected to be completed by November.
The Minister attributed the delay to the volume of documents that had to be examined.
The volume of information that had to be sorted is much more extensive than was originally estimated he said, indicating that they were talking about thousands and thousands of pages of testimonies from the various people of the Enquiry.
Mr. Shaw indicated that when completed, the report is expected to shed light on the collapse of the banking and business sectors and will provide certain lessons to ensure that measures are put in place to prevent this from ever happening again in Jamaica
The FINSAC Commission was set up in 2008, and more than $120 million has been spent to complete the report. BM