News & Events

The presentation outlined:

  • Definition of Financial System Crisis;
  • Causes of Financial System Crises;
  • The Wall Street Stock Market Crash 1929.
  • The dot com bubble 2001.
  • The Mexican Financial Crisis 1994-1995.
  • The Jamaican Financial Crisis 1996.

Please see the attached advertisement on the Online/Android Financial Education Awards Ceremony which appeared in the Jamaica Observer.

Did You Know?

With the establishment of the JDIC and the passing of the Deposit Insurance Act 1998, all depositors of a bank or other insured deposit-taking financial institution that fails will get back up to a maximum of $600,000.

In the past when a bank failed there was no guarantee as to how much the depositors of the failed institution would be refunded.

In light of the number of bank failures of the mid-nineties, the Government recognized the need for a formal system of deposit insurance.

The Jamaica Deposit Insurance Corporation (JDIC) is an independent statutory organization set up by the Government to protect depositors.