The Jersey Financial Services Commission has published its 2021 annual report, outlining its continued focus on responding to financial crime threats, transforming supervision with modern technology and building a new and robust Registry.
The report documents the regulator’s performance during the year and its review of activity and progress.
Highlights of the year
• Launch of strategic framework 2021 to 2024
• Upgrading the supervision CRM system and risk model, allowing for greater automation, straight-through processing and the focus of resources
• Working alongside government and industry in the completion of risk assessment
• Extensive engagement through feedback papers, webinars, guidance and consultation papers
• Supporting the set-up of the Jersey Resolution Authority
• Launching the digital registry myRegistry
JFSC Chair Mark Hoban (pictured) commented: “We have been able to show resilience throughout our organisation, allowing us to not only manage a difficult year, but grapple with the challenges and opportunities that Jersey will face as an international finance centre in the future.”
Director General Jill Britton added: “Not only were we able to maintain ‘business as usual’ functions, but we have also made significant strides in our strategic ambitions, in particular with the implementation of new systems in Registry and Supervision.”
• To read the 2021 Annual report click here