Banking Groups: Name Changes: Approval

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A decision made 19 June 2014:

Decision Reference: MD-C-2014-0120
Decision Summary Title :	Approval of new notice designating banking groups		Date of Decision Summary:	17th June 2014
Decision Summary Author:	Director, Finance Industry Development		Decision Summary: Public or Exempt? (State clauses from Code of Practice booklet)	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title :	Approval of new notice designating banking groups		Date of Written Report:	5th June 2014
Written Report Author:	Director, Finance Industry Development		Written Report : Public or Exempt? (State clauses from Code of Practice booklet)	Public
Subject: Approval of new notice designating banking groups
Decision(s): The Chief Minister approved the banking groups and requested the publication of a notice on the website of the Jersey Bank Depositors Compensation Board.
Reason(s) for Decision: The Jersey Financial Services Commission has agreed that the following banking groups and their successors in title are the current banking groups operating in Jersey: HSBC Bank International Limited HSBC Bank Middle East Limited HSBC Bank Plc, Jersey Branch Lloyds Bank Plc, Jersey Branch Lloyds Bank International Limited Barclays Bank Plc, Jersey Branch Barclays Private Bank & Trust Limited Barclays Private Clients International Limited, Jersey Branch National Westminster Bank Plc The Royal Bank of Scotland International Limited The Royal Bank of Scotland Plc Citibank (Channel Islands) Limited Citibank N.A., Jersey Branch Citicorp Banking Corporation, Jersey Branch Abbey National International Limited Santander UK plc, Jersey Branch BNP Paribas S.A, Jersey Branch BNP Paribas Securities Services S.C.A, Jersey Branch The Minister has the power to group banks and the reason for the Decision is that the existing list and notice needs updating.
Resource Implications: There are no resource implications as a result of this decision.
Action required: That the Board is requested to publish the notice on the website of the Jersey Bank Depositors Compensation Board (the “Board”).
Signature:		Position: CHIEF MINISTER
Date Signed:		Date of Decision (If different from Date Signed):