The long awaited report of the commission enquiring into the financial sector meltdown of the 1990’s is expected to be completed in another three months.

The policies of the PNP government of the 90’s has been blamed for the collapse of the financial sector which saw the setting up of the financial sector adjustment company Finsac.

A number of businesses were shuttered, homes seized, and assets frozen of thousands of persons who found themselves at the mercy of Finsac.

The Finsac commission was set up by the Bruce Golding administration to enquire into the issues that resulted in the collapse that saw some people losing everything.

The commissioners had requested additional funds from the previous administration to complete its report.

The Simpson Miller administration refused, which led to a stand-off between the commissioners and the administration.

The current administration provided the funding for the completion of the report.

Finance Minister Audley Shaw says the events of the financial sector crisis are of sufficient seminal importance that the report must be written following the approval of the $35 m for its completion.

The Finance Minister says an aggressive regulatory framework has been pursued since that time to address recognized weaknesses of the supervision of the financial system.