The Jersey Financial Services Commission (JFSC) has announced its priorities for the coming year with the launch of its 2019 Business Plan.
The regulator re-emphasised its commitment to maintaining the island’s reputation as a first-class international finance centre.
Mitigating the greatest perceived risks, improving interactions with industry and the general public, facilitating market access for Jersey, and ensuring the JFSC remains independent and efficient are all key priorities for 2019.
In particular, the regulator will be focusing its efforts on maintaining its anti-money laundering supervisory capacity to meet global best practice standards, and delivering strategic and legislative developments in the Companies Registry.
JFSC Chairman Lord Eatwell commented: “We face uncertain times particularly with the UK’s likely departure from the EU this year. One of our statutory objectives is to pursue the best economic interests of the island and I believe the only way this can be achieved is by enhancing our reputation as a well-regulated jurisdiction. That can only be realised if regulator, government and industry work together.”
• The JFSC’s 2019 Business Plan is available here