Reforms Thinking, agile, and inquisitive – all nice concepts, but what do they mean in practice? What are the practical changes you might expect in your relationship with the JFSC? Some major reforms are underway already. In September the Commission published a Policy Statement that began the process of significant revision of our Bank Licensing […]

Turning now to the final item in my catalogue of major changes, the relationships between regulators and governments are changing: though not all these changes are in the same direction. In many of the major economies governments, hoping to control systemic risk in the financial services sector, have ceded powers to regulators. So regulators that […]

The crisis The shocks that reverberated through financial markets in 2007/8 have not entirely dissipated; indeed a number of aftershocks are still being felt, not least because many of the problems that were revealed by the crisis have not been resolved. Governments, central banks and regulators around the world are still struggling with the problem […]

Lord Eatwell suggested in his speech on the 9th October that …..There must also be a closer partnership with the Jersey Compliance Officers Association and industry as a whole. He said… Compliance officers have a vital role to play, not only in the development of the businesses in which they work, but also as the […]

Characteristics of an accomplished regulator Lord Eatwell Chairman suggested in his speech That no effective regulator will ever be popular. By definition, regulation involves stopping people doing things that they want to do, and requiring them to do things that they don’t want to do and An accomplished regulator can be respected and recognised as […]