Offshore

Liechtenstein, Jersey Regulators Ink MoU

Tom Burroughes, Group Editor, London, 15 August 2016

articleimage

The two IFCs have signed a memorandum of understanding on financial regulatory co-operation.

Financial authorities in the offshore centres of Jersey and Liechtenstein have signed a pact to co-operate on how to supervise activity in their jursidictions.

The memorandum of understanding was signed by the Jersey Financial Services Commission and the Liechtenstein Financial Market Authority late last week.

"With the similarity and extent of issues and challenges in financial services for both Jersey and Liechtenstein expected to increase in the coming years, it is important that the JFSC and the FMA are in a position to co-operate closely," John Harris, JFSC director general, said in a statement.

 

Register for WealthBriefing today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes