Banking Information to Become More Publicly Available

Jersey plans to increase the regulatory requirements for Jersey registered banks, which will increase the level of financial information and public disclosures available. Feedback from a consultation document aims to increase the availability to the public of financial information on banking groups represented in Jersey; and require that disclosures regarding relevant depositor compensation schemes are made available advertisements.

In respect of the third aim, Codes of Practice for Deposit-taking Business, this has been amended so as to require such disclosures to be made in bank advertisements issued after 1 July 2011.

See our Expat Special Report on Jersey