We have published our feedback in respect of our Consultation on our Policy Statement 2023/01 'Resolution Planning and Resolvability' (the Policy Statement).

As set out in our Feedback Paper we have listened to comments raised by industry and made amendments to the Policy Statement, most notably to defer the timeframe for Jersey Banks’ self-assessments in relation to Operational Continuity in Resolution and Communications from 31 March 2024 to 31 December 2024. We have added a requirement for Jersey Banks to provide an interim update on their implementation of these Risks to Resolution by 31 March 2024. Other amendments include the addition of high-level guidance regarding the self-assessment process and clarification of certain other requirements within the Policy Statement.

The Feedback Paper includes a tracked change version of the final Policy Statement so that Jersey Banks can easily identify the amendments made.

Further enquiries in relation to the Feedback Paper or the Policy Statement should be directed to Martin Edwards, Head of the JRA (m.edwards@jra.org.je).

Feedback Paper on Consultation Paper 2023/01 ‘Resolution Planning and Resolvability’

Final Policy Statement 2023/01 ‘Resolution Planning and Resolvability’ – clean

Final Policy Statement 2023/01 ‘Resolution Planning and Resolvability’ – tracked changes