The Jersey Financial Services Commission (JFSC) has signed a memorandum of understanding (MOU) with the Liechtenstein Financial Market Authority (FMA), to establish a mechanims for cooperating on regulatory matters and exchange of information.
The MOU is seen as an important development for these two jurisdictions that face what they term “challenges in financial services” in coming years.
John Harris, director general of the JFSC said: “This memorandum will assist in that regard as it provides a formal framework for the exchange of regulatory information and mutual assistance. We understand each other and we already work effectively together so this agreement reinforces yet further an already excellent relationship.”
This latest MOU joins a list of some 90 that the JFSC has signed with regulators elsewhere.
Seen here signing the MOU are (left to right): Urs Phillipp Roth-Cuony, chairman of the Board of Directors of the FMA, John Harris, director general of the JFSC and Mario Gassner, CEO of the FMA.