Today we have published a consultation paper that represents the next phase of our three year roll-out of Jersey's Resolution Regime, as set out in Policy Statement 2023/01 'Resolution Planning and Resolvability'. A summary of the consultation is set out below. The documents can also be found on the Consultations page of our website.

Consultation Paper 2025/02 'Continuity of Access to FMI and Liquidity and Funding in Resolution Guidance Notes'

This consultation sets out draft Guidance Notes in respect of Continuity of Access to FMI and Liquidity and Funding in Resolution.. The consultation period runs to 30 September.

Our Guidance Note on Continuity of Access to FMI applies to all Jersey Banks that we have determined perform Critical Functions in Jersey. The Guidance Note includes a draft FMI Reporting Template and associated guidance on completing the template.  It provides guidance on how Jersey Banks may wish to demonstrate that they meet the Continuity of Access to FMI requirements set out in Policy Statement 2023/01 'Resolution Planning and Resolvability'.

Our Guidance Note on Liquidity and Funding in Resolution applies to Jersey Incorporated Banks only. It impacts mainly those we have determined perform Critical Functions in Jersey. It provides guidance to them in developing the liquidity and funding capabilities required by Policy Statement 2023/01 'Resolution Planning and Resolvability'.

Subject to the feedback we received, we plan to publish final versions of the Guidance Notes in November ahead of banks' first self-assessments against Continuity of Access to FMI and Liquidity and Funding in Resolution requirements due 30 June 2026.