Assignment: Petition Letter

March 15th, 2013 Dr. the reputable Peter Phillips Minister of Finance and Planning The Ministry of Finance and Planning 30 National Heroes Circle Kingston 4 Jamaica Re Appeal garner for incumbrance in the financial regulations Dear Sir This is with reference to the new regulative regime for financial institutions. The Laguna root word is a small accrual of financial establishments that are not regulated by the Bank of Jamaica (BOJ) and set about been self-regulated for the past sixty years.However, with the implementation of the new financial regulations, it is of strong effect that this will greatly impair the operations of the group. It is with this effect that we are profession upon your high esteem to intervene in this urgent matter. The Laguna Group has been vigorous investors in the countrys financial sector and the incorporated strength of the industry. As a result, the group currently controls fifteen (15%) and eighteen (18%) percent of the countrys total deposits a nd personal loans respectively.The un ordainness of the BOJ to destroy into negotiations threatens the stability of the funds controlled by Laguna. Minister, this is of grave urgency, the members of the group are willing to meet with you and BOJ to arrive at a mutually beneficial understanding to best serve the groups existing one one million million million working class clientele. The Laguna Group will seek to chant relationships with the government and the rudimentary bank as such your collaboration would be vital in creating specific regulations that would serve the best interest of the group, the central bank, the government and the people 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 unless it is your diplomacy that will yield absolution from this regime. We eagerly await your response. give tha nks you. Respectfully, Frances Hibbert Frances Hibbert Group Corporate Executive Officer Laguna Group of fiscal Institutions