Hospice Finance Director joins bank failure compensation board

Tuesday 18 September 2018

Jersey Hospice's Finance Director has been appointed to a board aimed at protecting the community from the risks of a bank failure.

Amy Taylor (pictured above), is the latest member of the Jersey Bank Depositors' Compensation Board, a body set up in 2015 with responsibility for a scheme that repays depositors who lose money in the event of a bank collapse.

A chartered accountant by profession who previously worked in the Treasury and Health and Social Services Departments, Mrs Taylor will replace Michael Halsey, secretary and a founding board member.

Her appointment was proposed by the Chief Minister, Senator John Le Fondre, and is due to be confirmed today. 

Pictured: Mrs Taylor was proposed by the Chief Minister.

Board Chairman Paul Leary said that he was,"...delighted to welcome Amy."

"I have no doubt that her skills and drive will greatly assist us to further improve our readiness to respond to any future potential bank default. Coming from a public sector background coupled with her experience in the dynamic environment of Jersey Hospice Care, we are confident Amy will make a very positive contribution," he commented.

Mrs Taylor said that she was attracted to the position, as the board plays a vital role in protecting the community from the risks of a bank failure as well as working to enhance Jersey’s reputation on the international stage. "It is vital that Jersey keeps pace with global legal and regulatory developments in this arena and that the
scheme can continue to provide the necessary levels of protection in an ever-changing world," she added.

Pictured: Harry McRandle will be the board's new Secretary.

JEP freelance court reporter and former business journalist Harry McRandle will also join the board in the role of Secretary.

Mr Leary said that the team were, "...confident he will be well-placed to not only provide strong support but also assist in developing future communications strategy."

The new members will serve alongside Mr Leary, Ocorian's Chief Risk Officer, Bedell Cristin Partner Mark Dunlop, and the retired former Chief Executive of Royal Bank of Scotland International, Peter Shirreffs.