The two European jurisdictions will co-operate on exchanging information around regulation and supervision of the firms they watch over.

Financial authorities in Jersey and Denmark have signed a pact under which each country can swap confidential regulatory information and co-operate in how to oversee firms.

The Memorandum of Understanding has been signed by the Jersey Financial Services Commission and the Danish financial services regulator, Finanstilsynet, the Jersey authority said in a statement yesterday.

“The MoU follows increased dialogue between us and our Danish counterparts over the past 12 months,” John Harris, director general of the JFSC, said.

The JFSC has signed such agreements (either on a bilateral or multilateral basis) with regulators in over 90 countries, it said.