Funding Released for Strategic Review

Monday 3 April 11:31

The Government of Jersey has announced its decision to make available up to £900,000 for a strategic review of the Island’s financial services industry.

The review, which will be commissioned by Jersey Finance Limited (JFL), will take into particular account the opportunities and challenges that may arise from the UK Government’s changing relationship with the European Union. The ability of JFL to act as the catalyst between Government, the regulator and industry, together with their previous experience of commissioning a strategic review, makes them particularly well placed to take forward this new piece of work.

The Chief Minister, Senator Ian Gorst, has cited recent changes to the political landscape as the driving factors behind the decision to refresh the Island’s financial services strategy. The Finance Industry Strategic Jurisdictional Review published by global consultancy McKinsey in April 2013 remains at the heart of this strategy; however, the new review will also focus on the following key areas:

  • potential opportunities and threats arising from Brexit, and the implications for the Island’s financial services strategy;

  • possible responses to the wider developments that are affecting the financial services industry, including the impact of changes in digital technology;

  • identifying means for the industry to secure new growth;

  • developing proposals to support the banking sector to respond to macroeconomic challenges, pressures on their business models and threats from digital disruption.

Senator Gorst said: “We are fully committed to maintaining the ongoing success of Jersey as an internationally respected and competitive finance centre, and thereby continuing to grow the Island’s economy for the benefit of everyone. As the UK Government’s relationship with Europe changes, we will ensure that Jersey continues to receive the best available advice and information to allow us to make the right choices on behalf of the Island.”

The strategic review will be commissioned in April 2017, with a final report expected towards the end of the year.

Events

  • Chamber Connection Networking Night

    › read more
  • Critical Briefing: The Intergenerational Workforce 'Recruiting, managing and inspiring the Intergenerational Workforce'

    › read more
  • Digital Jersey Hub Desk Competition Competition to give digital entrepreneurs a boost!

    › read more
  • The Channel Islands Financial Ombudsman Briefing Sessions

    › read more
  • Ibex Education - ITIL® Practitioner Certificate – Qualification for IT Service Operations – NEW DATE 3 Days - £1495.00 includes exam

    › read more
  • Ibex Education - ITIL® Foundation Certificate – Qualification for IT Service Operations 3 Days - £1,195.00 Includes exam

    › read more
  • Chamber Connection: Meet, Greet and Debate with Jersey Election 2018 Candidates

    › read more
  • Copolo & Coyde - Asbestos Awareness Half day 1.30pm start.

    › read more
  • Copolo & Coyde - Display Screen Equipment (DSE) - Workstation Assessor 1 Day

    › read more
  • Copolo & Coyde - Site Management Safety Training Scheme (SMSTS) 5 Days

    › read more

Chamber Knowledgebase

Our frequently asked questions

Contact Magazine

Click here to view the latest digital issue of the Channel Islands Business Magazine.

Jersey Airport / Harbours

The latest arrivals and departures, select a link above

Charity of Choice 2018

Click here to learn more about the vital work of the Jersey Employment Trust and how you can help.

The Benefits of Membership

Networking opportunities, including our popular luncheons
Topical seminar programme
Support and guidance on doing business in Jersey


And become one of over 500 member businesses supporting Chamber in its aim of ensuring that local business is at the heart of a thriving and diverse local economy.

Call 01534 724536
› About Chamber


Copyright © Jersey Chamber 2012 - The Jersey Chamber of Commerce welcomes your comments and views. However, the posting of comments is subject to our terms which can be read here. Comments posted by users of this site are not the Chamber's comments nor do they represent the views of the Jersey Chamber of Commerce.

↑ Back to top