BANKING BUSINESS
Prudential Reporting
Contents
Introduction
Forms and Associated Guidance
Subsidiaries
Branches
Introduction
Prudential Returns must be supplied to the Jersey Financial Services Commission in accordance with Principle 6 of the Codes of Practice for Deposit-taking Business (the “Codes”), issued under Article 19A of the Banking Business (Jersey) Law 1991. They are to be completed on a quarterly basis as at 31 March, 30 June, 30 September and 31 December by each Jersey deposit taker registered under the aforementioned law.
The Forms should be completed in accordance with the guidance provided in the Schedule to the Codes (click here).
Submissions must be made using the Commission’s secure electronic reporting process, which involves a secure website and use of a unique PIN and pass code. A hard copy printout of the return, together with a signed certificate and comments on any material changes and unusual items should also be provided to the Commission.
The Prudential Return should be submitted to the Commission on or before the 20th working day after the reporting date. The Commission would normally expect the associated copy submissions to be received within five further working days. If the registered person foresees or experiences a delay that will result in a late submission, it must notify the Commission immediately.
Forms and Associated Guidance
Subsidiaries
Core Financial Data
Capital, balance sheet and profit & loss
Top
Credit Risk
Two approaches are available, with the following Guidance note being relevant to both:
Guidance note on criteria for classification as a retail exposure or as a residential mortgage – October 2007
Standardised approach to credit risk (“SAC”)
Top
Simplified standardised approach to credit risk (“SSA”)
Top
Operational Risk
Standardised approaches, including the Basic Indicator Approach
Top
Market Risk
Standardised approach to market risk in the banking book
Top
Trading Book
Market risk and Counterparty risk in the trading book
Top
Liquidity Risk
Liquidity reporting
Top
Other Prudential Data
Other data requirements
Top
Branches
Core Financial Data
Balance sheet and profit & loss
Top
Market Risk
Branch market risk reporting
Top
Liquidity Risk
Liquidity reporting
Top
Other Prudential Data
Other data requirements
Top
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