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FSC Industry Meeting This Friday at Shore Club

From left – Niguel Streete, managing Director of the Financial Services Commission; Camardia Higgs, Head of HR and one of the organisers of the event; and David Oakden, Chairman of the FSC

After being absent for the last three years, the Financial Services Commission’s (FSC) Annual Industry Meeting is back, and will be held this Friday, August 25 at the Shore Club Resort in Providenciales.

The invited guests to the meeting will hear from a plethora of industry players, regulators and political leaders regarding the status of the TCI financial sector and the role of the FSC.

Niguel Streete, Managing Director of the FSC, told the media in a news briefing on Tuesday at the FSC office at Caribbean Place, Providenciales, that the main speaker will be Ms Cindy Scotland, Managing Director of the Cayman Islands Monetary Authority.

Streete, along with the FSC Chairman Dr. David Oakden, who was also at the news briefing, will speak at event, along Governor Her Excellency Governor Dileeni Daniel-Selvaratnam, Premier Hon. Washington Misick and Deputy Premier and Minister of Finance Hon. E. Jay Saunders.

“And importantly, we have also invited a number of students, because we are of the view that it is really important to incorporate students into what we do,” Streete said. “Part of what we do is regulation, but we also have a strong vested interest in financial service development.

“And you cannot have development and unless you develop the people as fast. So, it is important that students, the population, the people who use financial services are also aware of what we do. And so, it is a key opportunity to bring all of those parties together,” Streete said.

The meeting is being held under the theme “Navigating Change”. And according to FSC Managing Director, the theme is in-keeping with the constant changes in the world’s financial sector, which undoubtedly affect the Turks and Caicos Islands.

He said a panel of international experts, following the presentations, will field questions from the audience. And Streete promises that the discussion will not only be engaging and informative, but also policy focused, with an emphasis on positioning the TCI to respond adequately and appropriately to and leverage the dynamic changes taking place in the financial services sector locally and internationally.

The meeting, according to Streete, will also consider the enables and impediments to financial sector stability and development.

“We haven’t at a meeting for some time. The last meeting was in 2019. The reason being COVID. But now that COVID is, hopefully, behind us, we want to be able to do this annually,” the FSC Managing Director noted.



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