Tue | Sep 26, 2017

Morrison reappointed VP of regional group on payment system

Published:Friday | January 20, 2017 | 1:35 PM
Livingstone Morrison, Deputy Governor of the Bank Jamaica

Livingstone Morrison, Bank of Jamaica Deputy Governor, Administration and Technical Services, Finance and Technology, and Payment and Risk Management has been re-elected vice president of the working group on payment system issues of Latin America and the Caribbean (WGPS-LAC) for a third term.

WGPS-LAC was created in 2001 as a high-level technical committee on regulation, oversight and operation issues on payment and settlement systems, the BOJ said in a release.

As part of the institutional arrangements of the Western Hemisphere payments and securities settlement forum, it has support from the World Bank as well as the International Advisory Council of which the Bank for International Settlements and the European Central Bank are members.

Morrison is the Chairman of the National Payments Council (NPC) which plays a critical role in facilitating the contribution of industry participants in the oversight and development of Jamaica’s national payments system infrastructure. 

Through the work of the NPC he guided the modernisation of the national payment system of Jamaica to meet international standards of safety and efficiency and is recognised as one of the leading voices in the Western Hemisphere on the development and oversight of payment systems and financial market infrastructures.

Morrison also serves as an independent director of the Jamaica Stock Exchange, as chairman of the regulatory and market oversight committee of the JSE, and a member of the audit committee of the JSE. 

He also serves as director of the Jamaica Central Securities Depository and as a trustee of the Bank of Jamaica pension fund. 

Morrison is a member of the central treasury management committee, the financial inclusion steering committee of Jamaica and chairman of the retail payments and financial market infrastructure working group.