Capital minima changes to prudential reporting submission template for Jersey incorporated banks

In our continued commitment to meeting international standards for prudential supervision, we are on track with our Basel III roadmap to implement the final Basel III reforms. A stable framework is important to support the provision of banking services to our island’s economy, consumers, and financial services providers.

We have already aligned our capital minima with the Basel III framework by revising our Code of Practice for the deposit-taking businesses on 1 January 2025.

We have now updated our Jersey incorporated banks (JIBs) submission template and our Capital ratios - capital adequacy validation guidance to reflect the new values for items 69 to 71 in the sheet for capital adequacy.

If you have any questions or need further guidance, please contact your Supervisor.