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

Jersey Resolution Authority: Annual Report 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.

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  • 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

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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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 17 May 2024:

Decision Reference:  MD-ER-2024-376

Public

Subject: Presentation of the JRA 2023 Accounts

 

Report Title: Presentation of the JRA 2023 Accounts

Public

Decision(s):

The Minister, in accordance with Article 21 of the Bank (Recovery and Resolution) (Jersey) Law 2017, decided to present a copy of the Jersey Resolution Authority 2023 accounts before the States Assembly.

Reason for Decision(s):

Subject to Article 21 of the Bank (Recovery and Resolution) (Jersey) Law 2017, the Minister must lay a copy of the audited Jersey Resolution Authority accounts and reports before the States not later than 7 months after the end of each financial year.  The Jersey Resolution Authority has prepared accounts and a report on its operations for the year ending 31st December 2023. The accounts have been audited by PKF BBA with a true and fair opinion provided on the Jersey Resolution Authority and the Jersey Bank Resolution Fund it administers.

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: Minister for External Relations

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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