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Jersey, Liechtenstein Regulators Deepen Co-operation

by Mike Godfrey, Lowtax.net, Washington
15 August, 2016

Jersey and Liechtenstein have committed to cooperate more deeply on financial services supervisory matters and exchange of information.

This was agreed between the two territory's financial services regulators in a recently signed in Memorandum of Understanding.

Signing for Jersey, John Harris, the Director General of the Jersey Financial Services Commission, commented: "I am delighted to sign this Memorandum of Understanding with [Liechtenstein's] Financial Market Authority. 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 Jersey Financial Services Commission and the Financial Market Authority are in a position to co-operate closely."

"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 ... an already excellent relationship."

The Jersey Financial Services Commission has now concluded Memoranda of Understanding (either on a bilateral or multilateral basis) with regulators in over 90 countries.

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