The Jersey Financial Services Commission (JFSC) is launching its annual business plan and budget at a presentation event at the Hotel de France on 17 January.
The island's financial regulator will set out its objectives and priorities for the coming year and beyond. It will focus on several issues:
• The JFSC's move to risk-based supervision
• The forthcoming National Risk Assessment
• The need for Jersey to adapt to new international banking regulations
• Developments in the Companies Registry, including a new law and a register of directors
• The JFSC’s work in financial education and consumer awareness.
JFSC Chairman Lord Eatwell commented: “The landscape of international financial regulation has changed immeasurably since the regulator was established in 1998. This year we will look to improve internal procedures, with the aim of providing maximum clarity to all our stakeholders.”
Director General John Harris added: “As well as outlining our plans for the next 12 months, we will cover issues such as Brexit, cyber-security, expectations of international standard setters, the island’s relationship with the EU, and the digitalisation of finance.”