Assignment: Petition Letter

March 15th, 2013 Dr. the Honourable creature Phillips Minister of pay and Planning The Ministry of Finance and Planning 30 National Heroes class Kingston 4 Jamaica Re appeal letter for intervention in the pecuniary regulations Dear Sir This is with reference to the new regulatory regime for financial institutions. The laguna gathering is a small collection of financial establishments that are not regulated by the Bank of Jamaica (BOJ) and have been self-regulated for the past threescore years.However, with the implementation of the new financial regulations, it is of hygienic belief that this will greatly bumble the operations of the group. It is with this effect that we are barter upon your high esteem to intervene in this urgent case. The lagune conclave has been sprightly investors in the countrys financial sector and the collective strength of the industry. As a result, the group currently controls cardinal (15%) and eighteen (18%) percent of the countrys total deposits and personal loans respectively.The unwillingness of the BOJ to show into negotiations threatens the stability of the funds controlled by Laguna. Minister, this is of wakeless urgency, the members of the group are willing to match with you and BOJ to arrive at a in return beneficial agreement to outflank administer the groups existing hotshot million working class clientele. The Laguna Group will seek to lace relationships with the government and the central bank as such your collaboration would be critical in creating specific regulations that would serve the best interest of the group, the central bank, the government and the state of Jamaica.Again, with regards to the aforementioned, we are strongly beseeching your immediate intervention in the course of these regulations. The matter has already been discussed and deliberated among the groups members barely it is your diplomacy that will yield forbearance from this regime. We eagerly await your response. Tha nk you. Respectfully, Frances Hibbert Frances Hibbert Group Corporate Executive Officer Laguna Group of Financial Institutions