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JDIC working on reforms to limit financial crises

The Jamaica Deposit Insurance Corporation (JDIC) says it will continue to work on reforms aimed at minimising the occurrence and effects of financial crises locally.
 
These include establishing newer deposit protection schemes, financial consumer protection and financial inclusion strategies.
 
The JDIC provides insurance against the loss of depositors' funds.
 
The entity estimates that the Deposit Insurance Fund's balance will grow to $30.8 billion in the new financial year.
 
It projects a net surplus of $2.8 billion.


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