In its annual business plan and budget, the JFSC will set out its objectives and priorities for the coming year and beyond. It says particular focus will be given to the regulator’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, and the JFSC’s work in financial education and consumer awareness.

Lord Eatwell, Chairman of the JFSC, who will give the keynote address, commented: “The landscape of international financial regulation has changed immeasurably since the regulator was established in 1998. The JFSC has come a long way in two decades and this next year will see us advance yet further along the path to becoming an agile, flexible and listening regulator. This is the year in which we look to improve internal procedures and begin to bear fruit in a reformed approach to regulation, with the aim of providing maximum clarity to all our stakeholders.”

John Harris, JFSC Director General, added: “As well as outlining our major plans for the next 12 months, we will also cover strategically relevant issues such as BREXIT, cyber-security, expectations of international standard setters, the Island’s relationship with the EU, and the digitalisation of finance. Working together with Jersey Government, Industry, Jersey Finance, other local organisations and members of the public, we, and the Island, are well-placed for a positive and certain future.”