Skip to main content Skip to accessibility
This website is not compatible with your web browser. You should install a newer browser. If you live in Jersey and need help upgrading call the States of Jersey web team on 440099.
Government of Jerseygov.je

Information and public services for the Island of Jersey

L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Jersey Bank Depositors Compensation Board: Annual Report and Accounts 2023

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

Ministers are elected by the States Assembly and have legal responsibilities and powers as “corporation sole” under the States of Jersey Law 2005 by virtue of their office and in their areas of responsibility, including entering into agreements, and under any legislation conferring on them powers.

An accurate record of “Ministerial Decisions” is vital to effective governance, including:

  • demonstrating that good governance, and clear lines of accountability and authority, are in place around decisions-making – including the reasons and basis on which a decision is made, and the action required to implement a decision

  • providing a record of decisions and actions that will be available for examination by States Members, and Panels and Committees of the States Assembly; the public, organisations, and the media; and as a historical record and point of reference for the conduct of public affairs

Ministers are individually accountable to the States Assembly, including for the actions of the departments and agencies which discharge their responsibilities.

The Freedom of Information Law (Jersey) Law 2011 is used as a guide when determining what information is be published. While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.

A decision made 19 May 2023:

Decision Reference:  MD-CM-2023-302

Public

Subject: Presentation of the JBDCB 2023 Accounts

 

Report Title: The Jersey Bank Depositors Compensation Board Annual Report and Audited Financial Statements 31 January 2023

Public

Decision(s):

The Assistant Chief Minister decided to present the 2023 Accounts of the Jersey Bank Depositors Compensation Board before the States Assembly.

Reason for Decision(s):

Subject to Regulation 14 of the Banking Business (Depositors Compensation) (Jersey) Regulations 2009, the Minister must lay the accounts and reports of the Jersey Bank Depositors Compensation Board (“JBDCB”) before the States as soon as practicable after receiving them.  The JBCDB has prepared accounts and a report on its operations for the year ending 31 January 2023. The accounts have been audited by BDO Limited with a true and fair opinion provided on the accounts prepared as attached as a supplemental report.

Resource Implications: There are no new financial and/or manpower implications.

 

Action Required: Officers to request the Greffier of the States to arrange for the item(s) to be presented to the States Assembly.

Signature:

 

 

Signed By: Deputy Elaine Millar

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

Back to top
rating button