Derick Milton Latibeaudiere

Honourable Derick Milton Latibeaudiere
Personal details
Born	(1951-06-09) 9 June 1951 Jamaica
Nationality	Jamaica
Alma mater	University of the West Indies, Jamaica College

Hon. Derick Milton Latibeaudiere, OJ is the former governor of Jamaica's central bank, the Bank of Jamaica (BOJ). He took office as governor of the bank on 1 April 1996 and is the first member of the Bank' s staff to have been appointed to this position. Latibeaudiere also serves as Chairman of the Board of Governors of the Bank of Jamaica and is Jamaica's Alternate Governor to the International Monetary Fund (IMF). He resigned as governor on 30 October 2009.^[1]

Personal Loan Scandal

In August 2008 information surfaced that Governor Latibeaudiere borrowed 51 million Jamaican dollars from the central bank to construct a house and furnish and landscape the grounds. The scandal began when it was brought to light that there was no evidence that the loan had been properly collaterised.^[2]

Involvement outside the Bank of Jamaica

Latibeaudiere also serves as Chairman of the Board of Directors of the Sugar Company of Jamaica (SCJ)^[3] and its subsidiary companies. He is a member of the Board of the Jamaica Deposit Insurance Corporation (JDIC) and was appointed Special Advisor on Racing to Jamaica's Minister of Finance and Planning. Latibeaudiere also served as director of the country's national airline, Air Jamaica.

References

↑ "Cabinet to discuss Latibeaudiere's resignation". RadioJamaica.com. 2 November 2009. Retrieved 2009-11-07.
↑ http://www.jamaica-gleaner.com/gleaner/20090531/news/news4.html
↑ "Sugar company makes operating profit But still carries spectre of $7.2b deficit". Jamaica Observer. 28 August 2005. Archived from the original on 13 January 2006. Retrieved 2009-11-08.

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Policies and implementation

Policies	Capital requirement Contractionary monetary policy Expansionary monetary policy Basel II Basel III Basel 4

Implementation	Capital control Discount rate Interest rates Money creation Open market operation Sovereign wealth fund

Bretton Woods system

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Names in italics indicate non-sovereign (dependent) territories, former countries, or states with limited recognition

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Derick Milton Latibeaudiere

Personal Loan Scandal

Involvement outside the Bank of Jamaica

References

External links

See also