European Parliament Library

Jersey :, Financial Sector Assessment Program Update: Financial System Stability Assessment

This paper examines the Financial System Stability Assessment on Jersey. Most banks in Jersey are branches or subsidiaries of large international groups, to which they provide financing. This close relationship reduces risk in normal times, given the groups’ ability to support their Jersey operations. The Jersey Financial Services Commission has significantly reformed the regulatory framework of funds, mainly to make Jersey funds more attractive to institutional investors. A key challenge in insurance supervision is to maintain effective and proportionate regulation of a small sector with limited insurance risk
Table Of Contents
Cover; Contents; Glossary; Executive Summary and Policy Agenda; I. Introduction; A. Purpose of the FSAP Update; B. Context; Tables; 1. Financial System Structure, 2003-2008; 2. Balance Sheet of Banking System, end-2008; 3. Structure of Total Deposits, By Region; 4. Structure of Deposits, by Size and Residence; 5. Structure of Non-Interbank Loans, by Type; II. Regulatory and Supervisory System; A. Institutional Structure; B. Banking Sector; C. Investment Business; D. Insurance Sector; E. Trust and Company Service Providers; F.Others; G. AML/CFT; III. Stability Issues
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (81 p.)
Specific Material Designation
Form Of Item

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