16 December 2021
Government's vision for the future of Jersey's financial services industry has been unveiled.
The Financial Services Policy Framework, launched today (Thursday 16 December), sets out the vision for the sector's future and the strategic priorities which Government will follow to achieve it.
The vision is to create the environment required to enable the continued success of Jersey's financial services industry by facilitating the industry's digital transformation, its continued compliance with global standards, and its transition into being a leading centre for sustainable finance.
The Minister for Financial Services, Senator Ian Gorst, said: "Our core purpose in updating the policy framework has been to secure the future growth of the financial services sector and to ensure that it continues to be the engine of our economy.
"The framework builds on our strengths while taking us into new areas of opportunity, innovation and growth. Private wealth, funds, capital markets and banking remain the industry's four core pillars, and Jersey's skills and expertise will continue to underpin it, and sustainable finance and fintech will become increasingly important. The framework also reinforces our commitment to meeting international standards for compliance.
"This restates our clear vision and set of strategic priorities which will shape both Government activity and the involvement of the whole industry, ensuring that we move forward together and continue to provide our world-class services to clients across the globe."
The Policy Framework for the Jersey Financial Services Industry is available on gov.je/FSStrategy