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Policy and Guidance

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Policy Statements

Policy Statement 2023/01 'Resolution Planning and Resolvability'

This Policy Statement sets out the JRDCA’s approach to resolution planning and resolvability assessments.  It provides a common risk-based approach  (a Resolution Framework) whilst also allowing flexibility to reflect the specific circumstances of each Jersey Bank.  The Policy Statement sets out clear expectations of the capabilities the JRA requires Jersey Banks to develop to demonstrate that they are resolvable.

Policy Statement 2023/01 'Resolution Planning and Resolvability'

Note 1: On 29 February 2024 we updated Policy Statement 2023/01 to amend the definition of Critical Shared Services as set out in our Feedback Paper on Consultation Paper 2023/02 'Operational Continuity in Resolution and Communication Planning Guidance Notes'.  No other amendments were made.

Note 2: On 13 October 2025 we confirmed to banks that the first full self-assessment in respect of the requirements to address all risks to resolution has been deferred from 30 June 2026 to 30 June 2027.  PS0223/01 has not yet been updated to reflect this change.

Standard for Valuation Capabilities required to support Resolvability

Our Valuations Standard builds on the valuation requirements of Policy Statement 2023/1 and sets out, under 7 Principles, the requirements for the valuation capabilities that Jersey Incorporated Banks are expected to meet.

Additionally, in accordance with Article 48 of the Resolution Law, the Valuations Standard sets the JRA's expectations of Valuers when performing the valuations required by the Resolution Law.  It also sets out our planned approach to ensuring Valuer independence.

Standard for Valuation Capabilities required to support Resolvability

As set out in the Valuations Standard, to provide additional guidance to Jersey Incorporated Banks, we have adopted the Bank of England's Guidance on valuation capabilities to support resolution, published in November 2018:

JDCS Related Policy

SCV File Specification

Detailed technical specification setting out the specified format for Single Customer View files that Jersey banks must be capable of producing. SCV Specification

SCV Report

A summary report that must be submitted alongside SCV files, or separately upon request, and which sets out information relating to the production and quality assurance review of a bank's SCV files as well as a high-level summary of the SCV files. SCV Report Template

JDCS Disclosure Standard

This standard sets out the disclosure requirements and recommended wording for Jersey banks when communicating about the Jersey Bank Depositors Compensation Scheme in advertisements and customer materials. JDCS Disclosure Standard

Guidance Notes

This Guidance Note sets out guidance for Jersey Banks in respect of implementing appropriate systems, policies, and procedures to meet requirements in relation to Operational Continuity in Resolution (OCiR).  It also provides a OCiR Reporting Template for use by Jersey Banks when performing self-assessments against OCiR requirements and guidance on completing said template.  Whilst the Guidance Note is relevant to all Jersey Banks, the OCiR Reporting Template is only required in relation to self-assessments by Jersey Banks that the JRDCA has identified as performing Critical Functions in Jersey.

Operational Continuity in Resolution Guidance Note

OCiR Reporting Template