A copy of the Bank (Recovery and Resolution) (Jersey) Law 2017 has been published: see here or here (pdf). The Law was adopted by the States in February and sanctioned by Order of Her Majesty in Council earlier this month: see here (pdf). As its title suggests, the new Law sets out the framework for dealing with failing banks (or those likely to fail) and provides for the creation of the Jersey Resolution Authority.
Monday, 29 May 2017
Jersey: the Bank (Recovery and Resolution) (Jersey) Law 2017
A copy of the Bank (Recovery and Resolution) (Jersey) Law 2017 has been published: see here or here (pdf). The Law was adopted by the States in February and sanctioned by Order of Her Majesty in Council earlier this month: see here (pdf). As its title suggests, the new Law sets out the framework for dealing with failing banks (or those likely to fail) and provides for the creation of the Jersey Resolution Authority.
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