Press Release - 10 May 2001
2000 ENDS WELL FOR JERSEY
The Jersey Financial Services Commission has ended 2000 on an upbeat note. In their Annual Report, just issued, the Director General, Mr Richard Pratt, states that the Commission has met its main priorities in these areas:
In addition the Commission has started to develop proposals for commercial legislation.
The Commission Chairman, Colin Powell OBE, states: "Throughout 2000 the Commission has continued to maintain the Island's position as an international finance centre with the highest regulatory standards….ensuring that confidence in Jersey's role is retained among the international regulatory community, in the international marketplace, and in the Island community".
Key events of 2000 included:
On a purely financial note, bank deposits and funds under management both continued to grow strongly during 2000 - reaching new high levels by the end of the year of £117 billion and £90.8 billion respectively.
For further information contact:
Tel: + 44 (0)1534 822011