Today we have issued a Funding Paper to Jersey Banks setting out our budget and proposed annual administration levy for 2024 (that will be payable by Jersey Banks).

The Funding Paper also contains details of the updated methodology we plan to use to allocate the levy across Jersey Banks. We believe the updated methodology allocates our administration levy in a manner that is consistent with where we expect to focus our time and resources in resolution planning.  

The JRA welcomes comments on the Funding Paper from interested parties and asks for these before 31 January 2024. Feedback can be sent directly to Martin Edwards, Head of the JRA via email: m.edwards@jra.org.je

JRA 2024 Funding Paper