On 29 December 2022, the Jersey Resolution Authority (JRA) issued a funding paper to Jersey Banks setting out its budget and proposed annual administration levy for 2023 (that will be payable by Jersey Banks). The JRA welcomes comments on the Funding Paper from interested parties and asks for these before 31 January 2023. Feedback can be sent directly to Martin Edwards, Head of the JRA via email: m.edwards@jra.org.je

JRA 2023 Funding Paper

The JRA received responses from two Jersey Banks. The feedback, JRA’s response and planned next steps are set out in the following feedback paper:

JRA 2023 Funding feedback

The JRA is an independent public body with the responsibility of minimising the impact of a bank’s failure and ensuring public funds are protected.