The Jersey Financial Services Commission (JFSC) set out its strategic priorities for the year ahead at its 2025 business plan event, held on Tuesday 11th February.
The business plan has a firm focus on enhancing the finance industry’s competitiveness to help grow Jersey’s economy.
The event brought together industry stakeholders, government representatives and JFSC leadership to discuss the challenges and opportunities facing Jersey’s financial services sector.
The JFSC shared how it will support Jersey’s global standing in an uncertain world by providing regulatory stability, increased ease of doing business in the island, and continued engagement with the financial services industry, government and international stakeholders.
Acknowledging global calls to reduce regulation, JFSC Chair Jane Platt CBE emphasised the JFSC’s role as an enabler of Jersey’s finance industry, saying: “The JFSC will continue to work with government and industry to find the optimum balance between essential regulation, protecting industry’s long-term viability, combatting financial crime, and the urgent need to provide stability and sustained growth in the face of rising international competition.”
Director General Jill Britton (pictured) echoed the JFSC’s commitment to supporting growth, saying: “Our finance industry is very much part of the fabric that binds island life together. Our shared continued prosperity is essential to Jersey as a whole, a responsibility we do not take lightly.”
The JFSC’s executive leadership team shared how the organisation will put its competitiveness focus into action, including reforms to the structure and competitiveness of the JFSC’s fees model, a strategic review of the Registry to support ease of access to services, and a continued focus on improving service levels. These activities will run alongside the organisation’s support for the government’s financial services competitiveness programme, which was detailed in a speech at the event by Deputy Ian Gorst, Minister for External Relations.
The event concluded with a Q&A session, with fraud prevention, increased guidance on the regulatory framework and islanders’ consumer protection among the topics raised.
