We work closely with key stakeholders, including the States of Jersey, Industry Bodies, Digital Jersey and Jersey Finance Limited to ensure that Jersey is well placed to respond quickly to innovation in financial services.
A number of other agencies in Jersey provide guidance and support to new or innovative businesses including:
Digital Jersey - a Government and member funded development agency tasked with growing the digital economy in Jersey, Digital Jersey supports the local public and private sector, encourages skills development and markets Jersey as an attractive jurisdiction for inward investment by technology companies.
Jersey Finance - represents the financial services industry in Jersey and promotes the island as an international finance centre of excellence.
Jersey Business - provides free, independent, confidential advice and support to businesses in Jersey. They work with businesses at all stages of their commercial journey, from start-up through improvement, growth and exit.
Locate Jersey - promotes Jersey overseas as a place to do business and attract suitable inward investment in terms of businesses and high net worth individuals.
We engage globally with international organisations including the International Organisation of Securities Commissions (IOSCO) and the Global Financial Innovation Network (GFiN) to monitor Fintech developments around the world.
Through this engagement, our teams can consider any regulatory implications, prepare any amendments and engage in a meaningful, timely way with the local community. Equally, it gives us the opportunity to collaborate with like-minded regulators and industry bodies across the world.
Global Financial Innovation Network
We are a member of the Global Financial Innovation Network (GFIN) - a group of financial regulators and related organisations committed to supporting innovation in the interest of consumers.
GFIN has three primary functions:
to act as a network of regulators to collaborate and share experience of innovation in respective markets, including emerging technologies and business models, and to provide accessible regulatory contact information for firms
to provide a forum for joint RegTech work and collaborative knowledge sharing/lessons learned
to provide firms with an environment in which to trial cross-border solutions.
In 2020 GFiN launched its own website. Visit the GFiN website if you would like any information relating to GFiN, including members, cross-border testing and GFiN publications.