Memorandum of Understanding between Jersey Bank Depositors Compensation Board and Jersey Financial Services

Information about the publication of Ministerial Decisions

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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
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A decision made 13 October 2010 regarding: Memorandum of Understanding between Jersey Bank Depositors Compensation Board and Jersey Financial Services.

Decision Reference: MD-E-2010-0162
Decision Summary Title :	MOU between Jersey Bank Depositors Compensation Board and Jersey Financial Services Commission		Date of Decision Summary:	October 2010
Decision Summary Author:	Director, Finance Industry Development		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	n/a
Written Report Title :	MOU between Jersey Bank Depositors Compensation Board and Jersey Financial Services Commission		Date of Written Report:	October 2010
Written Report Author:	Director, Finance Industry Development		Written Report : Public or Exempt?	Public
Subject: MOU between Jersey Bank Depositors Compensation Board and Jersey Financial Services Commission.
Decision(s): The Minister agreed to sign the Memorandum of Understanding (“MOU”) with the Jersey Financial Services Commission (“JFSC”) on behalf of the Jersey Bank Depositors Compensation Board (“the Board”).
Reason(s) for Decision: The MOU will provide a formal basis for co-operation between the Board and the JFSC, including for the exchange of information, and will allow the parties to more effectively perform their functions. The Minister is carrying out the functions of the Board until such time as the Board are formally appointed by the States.
Resource Implications: There are no financial or manpower costs for the States.
Action required: The Minister to sign the MOU on behalf of the Board.
Signature:		Position: Economic Development Minister
Date Signed:		Date of Decision (If different from Date Signed):