The Resolution Authority will be a new authority which will make preparations to facilitate, and where necessary administer, the resolution of banks. The Authority will play a key role in upholding Jersey’s status as a leading international finance centre by reducing the risk of financial loss due to bank failure.
The Chair will be the inaugural member of the Authority. They will play a leading role in its establishment, recruiting other members and driving engagement with the banking community. They will drive the strategic direction of work on bank resolution, oversee the exercise of the Authority’s legal duties and obligations, and play a key role in raising the international profile of the Authority amongst international counterparts.
When established, the Chair will lead the Authority in fulfilling its collective duties and responsibilities, establishing an effective culture, wh
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