We have refreshed our strategy for the next three years.
Since inception, in early 2022, we have focused on building our understanding of the activities conducted by Jersey Banks, their criticality to Jersey’s economy, and the nature of existing Group Resolution Plans. We have also established our governance framework and internal operating model.
2024 to 2026 will see us finalise key policy and guidance in respect of the phased rollout of Jersey’s Resolution Regime. Our first full resolvability assessment of Jersey Banks will take place in 2026.
In 2024, we will also work to integrate the functions of the Jersey Bank Depositors Compensation Scheme within the JRA.
We remain committed to implementing a robust and credible resolution regime that is proportionate to the risks and nature of Jersey’s banking industry and to do so in an open and transparent manner.
