PRESS RELEASE 19 February 2010
BANKING: FINANCIAL REPORTING AND DISCLOSURES
The Commission has published today a consultation paper on the regulatory requirements for Jersey registered deposit takers in respect of the provision of financial information and public disclosures. The aims are to:
- bring together existing requirements regarding the provision of financial information to the Commission;
- increase the availability of financial information on banks to the public, including via their websites; and
- require that disclosures regarding relevant depositor compensation schemes are made in banks’ advertisements.
The consultation period will run until 19 May 2010 and feedback is welcomed from all interested parties.
A copy of the consultation paper can be downloaded from the Commission’s Website at www.jerseyfsc.org and paper copies obtained from the Commission’s reception area of the Jersey Library.
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For further information please contact: -
David Fisher - Senior Analyst, Banking
Tel: + 44 (0) 1534 822106
Fax: + 44 (0) 1534 822002