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About the JRDCA

Protecting your savings

We are Jersey’s Bank Resolution Authority and administrator of the Jersey Bank Depositors Compensation Scheme (JDCS).

Find out more about what we do, who we work with and how we are funded below.

About the JRDCA Our Strategy Who we work with How we are funded What happens when a bank fails How resolution works Reports

About the JRDCA

The JRDCA (previously the JRA) is an independent body established by the Bank (Recovery, Resolution and Depositors’ Compensation) (Jersey) Law 2017 (the Resolution Law).

We are responsible for reducing the impact of bank failure in the Island and ensuring public funds are protected.  With effect from 1 April 2026, we are also responsible for administering the Jersey Bank Depositors Compensation Scheme (JDCS).

Reducing the risk of financial loss due to bank failure.

We set the strategic direction of work on bank resolution and the requirements that banks must follow to reduce the impact of their failure. We work with the JFSC and overseas authorities to ensure that, if a bank fails, it can be managed safely without disrupting the economy.

Protecting and enhancing the reputation and integrity of Jersey

We coordinate with domestic and international stakeholders to prepare for the possibility of a bank failure and raise the profile of Jersey among its international counterparts.

Considering the best economic interest of Jersey

We set proportionate resolution planning and deposit compensation requirements for Jersey Banks, reflecting that most Jersey Banks are subject to existing resolution planning activities at group level.

Protecting the interests of eligible depositors and contributing to financial stability

We work closely with the Government to ensure Jersey’s depositor compensation scheme is robust, internationally aligned, and ready when needed. We maintain operational preparedness and promote awareness of the scheme.

Operating in a prudent and economical manner, using our resources efficiently and effectively

We outsource key operations to trusted service providers to maintain efficiency and minimise the regulatory costs for banks, while ensuring we have flexibility and resources to respond effectively if a bank fails.

Our Mission

Our mission is to operate a robust and credible recovery, resolution and depositor compensation regime to manage bank failure effectively, reduce the risk to the public of financial loss, and protect the Jersey economy.

Strategic relationships

Develop effective strategic relationships with our key stakeholders (especially international regulators & depositor compensation schemes, Jersey’s banks, the Jersey Financial Services Commission, and the Government of Jersey).

Crisis Management Framework

Develop and maintain Jersey’s Resolution Framework and Depositor Compensation Scheme, where appropriate in line with international standards and developments.

Resolution Planning

Ensure each bank in Jersey has recovery (where required) and resolution plans for its Jersey-domiciled activities, which we regard as effective and credible (with a definite plan to address any barriers to resolution).

Governance and operational capabilities

Develop and maintain fit for purpose governance and operating frameworks including JDCS payout capabilities, processes, systems, and people.

Our current strategy

Our Interim Strategy Update also summarises our key priorities for 2026. Find out more here.

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Who the JRDCA works with

Cooperation is an important aspect of resolution and preparing for bank failure.

Domestic Cooperation

The JRDCA works closely with the Jersey Financial Services Commission (JFSC) and the Government of Jersey (GOJ). These institutions meet regularly as the Bank Resolution Planning Group (BRPG), chaired by the JRDCA.

The BRPG is a forum held quarterly with a common goal to:

  • Reduce the risk to the public of financial loss due to a bank failure
  • Protect and enhance the reputation and integrity of Jersey in commercial and financial matters
  • Act in the best economic interests of Jersey

International Cooperation

Internationally, financial stability requires cross-border collaboration. The JRDCA cooperates with overseas regulators, deposit insurers, and home and host resolution authorities. This cooperation is often formalised through cooperation agreements or memoranda of understanding.

We also engage with global standard-setters and peer organisations to ensure Jersey’s regime remains robust and aligned with international best practice.

How we are funded

The JRDCA is funded by Jersey's banking industry.

Article 16 of the Resolution Law allows the Authority to raise an annual administration levy to enable the JRDCA to meet its funding needs.


We are required to determine how much the levy is both in aggregate and for each Jersey Bank and communicate this by Notice. Article 16 also provides for additional levies to be raised, should circumstances dictate that they are necessary.


It is intended that the annual administrative levy will be declared in the first quarter of each year.

Current Funding Cycle

2026 will see the JRA take on additional functions relating to the Jersey Bank Depositors Compensation Scheme (JDCS) from the Jersey Bank Depositors Compensation Board (JDCS Board). This will significantly increase our expected annual recurring costs. However, when compared to the combined costs of the JRA and the JDCS board in 2025, our 2026 budgeted costs are lower.

On 16 December 2025 we issued a Funding Paper in respect of our planned annual levy for 2026. The Funding Paper is available here: 2026 Funding Paper

The comment period closed on 31 January 2026, and we received feedback from one Jersey Bank. The feedback and our response is summarised in our 2026 Feedback Paper.