Jersey signs cooperation agreement with Liechtenstein

Added 15th August 2016

The Jersey Financial Services Commission (JFSC) has signed a memorandum of understanding with Liechtenstein's Financial Market Authority (FMA) to cooperate on supervisory matters, information exchange and the oversight of regulated firms.

Jersey signs cooperation agreement with Liechtenstein

Urs Phillipp Roth-Cuony, John Haris, and Mario Gassner

John Harris, director general of the JFSC, said: “With the similarity and extent of issues and challenges in financial services for both Jersey and Liechtenstein expected to increase in the coming years, it is important that the JFSC and the FMA are in a position to co-operate closely.

“This memorandum will assist in that regard as it provides a formal framework for the exchange of regulatory information and mutual assistance. We understand each other and we already work effectively together so this agreement reinforces yet further an already excellent relationship.”

The JFSC has MoUs (either on a bilateral or multilateral basis) with regulators in over 90 countries.

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About Author

Kirsten Hastings

Senior Reporter

Kirsten is a senior reporter for International Adviser, covering global news stories about the financial services industry. She joined Last Word Media in October 2015 after two years working as a reporter covering the staffing and recruitment industry. Kirsten has a Masters in Financial Journalism from the University of Stirling. 

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