Government of Jamaica
MINISTRY OF FINANCE & THE PUBLIC SERVICE
Kingston, Jamaica: Monday, September 6, 2021
Minister of Finance, Dr. the Honourable Nigel Clarke today announced the appointment of Mr. John Robinson, CD, as Chairman of the Financial Services Commission (“FSC”).
Mr. Robinson spent over 36 years at the Bank of Jamaica (“BOJ”) retiring as Senior Deputy Governor in 2020. Over the course of three decades, he has, at various times, held responsibility at the BOJ for banking and market operations, financial stability and research and economic programming. Mr. Robinson has also previously served on the boards of STATIN and the National Investment Bank of Jamaica.
Minister Clarke noted, “We are fortunate to continue to benefit from John Robinson’s wealth of experience, relationships and competence. While the BOJ is mandated with the responsibility for maintaining overall financial system stability, entities supervised by the FSC have combined
assets that exceed the asset base of Deposit-taking Institutions (DTIs) i.e. banks. Consolidated supervision is therefore critical in preserving financial stability; and a strong and seamless working relationship between the FSC and BOJ is essential. I expect John to lead that integration
from the FSC end.”
The Minister also announced that Mr. Langston Sibblies QC, former Deputy Managing Director and General Counsel of the Cayman Islands Monetary Authority (“CIMA”) has been appointed as a Director to the board of the FSC. Mr. Sibblies, a lawyer with more than 40 years’ experience practising in the Caribbean private and public sectors, had direct responsibility for compliance, policy development and legal affairs at CIMA. He also worked with the CIMA’s managing director on supervisory matters.
The CMIA is responsible for enhancing the integrity of the financial services industry in Cayman which is enormous in size. In the Cayman Islands’ securities sector, assets under management exceed US$4 trillion dollars and often involve complex international arrangements.
Minister Clarke stated, “Mr. Langston Sibblies is a distinguished member of the Jamaican diaspora who has accumulated vast international financial sector regulatory, supervisory and compliance experience that will be of tremendous value to Jamaica. We are very grateful that Mr. Sibblies has accepted the invitation to contribute his knowledge, international experience and expertise to the development of Jamaica through this appointment to the Board of the Financial Services Commission.”
Minister Clarke continued, “I expect that at the first meeting of the new board, Mr. Langston Sibblies will be confirmed as Deputy Chairman of the board of the FSC”.
Other members of the board include Mr. Erwin Burton, Mrs. Hillary Robertson, Mr. Christopher Reckord, Ms Monica Brown, Ms. Kenisha Davis, Mr. Dennis Brown and FSC Executive Director Mr. Everton McFarlane.
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