The JRA is funded by Jersey's banking industry.
Article 16 of the Resolution Law allows the JRA to raise an annual administration levy to enable the JRA to meet its funding needs.
The JRA is required to determine how much the levy is both in aggregate and for each Jersey Bank and communicate this by Notice.
Article 16 also provides for additional levies to be raised, should circumstances dictate that they are necessary.
It is intended that the annual administrative levy will be declared in the first quarter of each year.
2026 Funding
2026 will see the JRA take on additional functions relating to the Jersey Bank Depositors Compensation Scheme (JDCS) from the Jersey Bank Depositors Compensation Board (JDCS Board). This will significantly increase our expected annual recurring costs. However, when compared to the combined costs of the JRA and the JDCS board in 2025, our 2026 budgeted costs are lower.
On 16 December 2025 we issued a Funding Paper in respect of our planned annual levy for 2026. The Funding Paper is available here: 2026 Funding Paper
Comments are invited from interested parties by 31 January 2026. Comments can be sent to Martin Edwards, Head of the JRA at: m.edwards@jra.org.je or anonymously via Timothy Hart at Jersey Finance: timothy.hart@jerseyfinance.com
We will consider any feedback received and, if necessary, publish a Feedback Paper in the first quarter of 2026.
Historic Funding Papers are available below:
2025 Funding Paper and Feedback Paper
The JRA's Annual Report on Operations and Audited Financial Statements
The document below sets out the JRA's Annual Report on Operations and Audited Financial Statements for the year ended 31 December 2024.
The report provides a summary of the JRA's activities during the year; a summary of the JRA's progress against its Strategic Goals; and sets out the JRA's financial position and performance for the year ended 31 December 2024.
Annual Report on Operations and Audited Financial Statements for the period ended 31 December 2024.
Previous Annual Reports and Audited Financial Statements are available below:
Annual Report on Operations and Audited Financial Statements for the period ended 31 December 2023.
Annual Report on Operations and Audited Financial Statements for the period ended 31 December 2022.