With the JFSC’s continued focus on culture and its impact on consumer outcomes, your firm should concentrate on identifying, examining and improving your internal culture. However, the difficult question is how can firms accurately measure their culture? With so many different factors influencing culture, including the business type, size and organisational structure, no two financial […]

Below the Daily Telegraph named 9 of the most infamous toxic investments that have left investors bitterly disappointed.  Should Providence [click here] be added to the nine most toxic investments ever? OSTRICH FARMS The first toxic investment in our list highlights an important lesson: it does not matter how obscure an investment idea is, some […]

Jersey MAY NOT HAVE a compensation scheme, BUT it does have Article 26(2) of the Financial Services Law. In light of the current, JFSC initiative about MISSELLING the following 2007 CASE is of HIGH IMPORTANCE TO ALL in the finance industry. BACKGROUND: In Jersey Financial Services Commission v Alternate Insurance Services Limited & Others [2007] JRC048 the […]

The aim of the Protect Your Money website is to provide consumers with clear, impartial information and guidance about financial products so that they can have greater control of their financial affairs and the confidence to make informed decisions when choosing such products. http://bit.ly/2jUcAP7

The Jersey law of dishonest assistance in breach of trust – Alexander Riddiford examines the Jersey law of dishonest assistance in breach of trust following the Royal Court’s decision in Nolan & Ors v Minerva Trust Company Limited & Ors. Worth a read [attached & at page 56, saved separately]

In this era of globalisation, data is becoming increasingly important both economically and socially. Businesses across the globe are using data in new and innovative ways, and individuals utilise their data for communications and the purchase of good and services. The Channel Islands are no different in this respect and with finance industries that account […]

It was announced yesterday (2 FEB 2017) that the Swiss Financial Market Supervisory Authority, known as Finma, has ordered Coutts & Co Ltd to pay back 6.5 million Swiss francs ($6.57 million) in unlawfully generated profits from the transactions [https://www.finma.ch/en/news/2017/02/20170202-mm-coutts/] FINRA said that Coutts, owned by Royal Bank of Scotland Group Plc, allowed a total […]

The City will always be a laundry if no one acts on red flags JIM ARMITAGE Talk to many bankers about anti-money-laundering safeguards and they’ll tell you they’re complianced up to their ears. “AML” has burgeoned from one man and a dog in a cupboard by the bogs to whole floors in Canary Wharf, they’ll […]