Unless otherwise defined, the following terms when used in the Banking Code shall have the meanings set out below. If not defined below or elsewhere in the Banking Code, terms, where relevant, have the same meanings as are ascribed to them in the Banking Law.
All terms which appear in this Glossary are reflected in the Banking Code utilising italic text. Guidance to the Banking Code in the form of “Notes” has been placed in a box to highlight its status.
means agreed capital resources
anti-money laundering legislation
includes the Proceeds of Crime (Jersey) Law 1999, the Money Laundering (Jersey) Order 2008 (the 法国足球国家队Money 法国足球国家队法国足球国家队L法国足球国家队法国足球国家队aundering Order法国足球国家队) and the Terrorism (Jersey) Law 2002, as well as any other applicable Laws and United Nations or European Union Sanctions Orders applied within Jersey, all as amended from time to time
appointed senior officer
means the senior officer appointed in accordance with Article 11(2)(a) of the General Provisions Order
means the Code of Practice for Deposit-taking Business
means the Banking Business (Jersey) Law 1991, as amended
Collective term for the:
? ? Common Equity Tier 1 ratio;
? ? Tier 1 ratio; and
? ? Total capital ratio.
means a Cessation of Business Plan
means any oral or written expression of dissatisfaction, whether justified or not, from, or on behalf of, a person about the provision of, or failure to provide, a service that relates to:
? ? deposit-taking business carried on by the registered person; or
? ? money service business carried on by a prescribed person meeting the definition of an exempt person in Article 5(1) of the Financial Services (Money Service Business (Exemptions)) (Jersey) Order 2007,
which alleges that the complainant has suffered (or may suffer) financial loss, material distress or material inconvenience.
means Continuing Professional Development
means Depositors Compensation Scheme
Depositors Compensation Regulations
means the Banking Business (Depositors Compensation) (Jersey) Regulations 2009
means the Rehabilitation of Offenders (Exceptions) (Jersey) Regulations 2002, as amended
means the Financial Services (Jersey) Law 1998, as amended
General Provisions Order
means the Banking Business (General Provisions) (Jersey) Order 2002, as amended
means Internal Capital Adequacy Assessment Process
means a Jersey incorporated company registered to carry on deposit-taking business
means the Jersey operations of an OIB
means Jersey Financial Services Commission
has the same meaning as provided in Article 1 of the Banking Law
means all exposures to any counterparty or group of connected counterparties in excess of 10% of a JIB’s ACR
Liquidity Coverage Ratio
Adjustments permitted for the purpose of calculating the LCR/LMR, as appropriate
means Liquidity Contingency Plan
means all exposures to any counterparty, or group of connected counterparties, in excess of 25% of a JIB’s ACR
Liquidity Guidance Note
means the JFSC’s guidance note titled: “Basel III: Liquidity Management and Reporting for Jersey Incorporated Deposit Takers”
means Liquidity Management Policy
Liquidity Mismatch Ratio
means loan takeover agreement
Money Laundering Order
means the Money Laundering (Jersey) Order 2008, as amended
money service business
has the same meaning as provided in Article 1 of the FS(J)L
means a person not incorporated in Jersey that is registered to carry on deposit-taking business
Pillar 2 Guidance Note
means the JFSC’s guidance note titled:? Pillar 2 in Jersey
means the Banking Prudential Reporting Return submitted by a registered person to the JFSC on a quarterly basis
is a collective term which means either JIB or Jersey Branch
relevant AML/CFT Handbook
means the relevant Handbook for the Prevention and Detection of Money Laundering and the Financing of Terrorism, issued by the JFSC
means Standardised Approach to Credit Risk
means Simplified Standardised Approach to Credit Risk
Trading Book Guidance Note
means the JFSC’s guidance note titled:? The JFSC’s rules relating to Trading Books
法国足球国家队Power exercised and scope法国足球国家队
The Code of Practice for Deposit-taking Business (the 法国足球国家队Banking法国足球国家队 法国足球国家队Code法国足球国家队) is issued by the Jersey Financial Services Commission (法国足球国家队the 法国足球国家队法国足球国家队JFSC法国足球国家队) in accordance with the powers given to it by Article 19A of the Banking Business (Jersey) Law 1991, as amended (the 法国足球国家队Banking法国足球国家队法国足球国家队?法国足球国家队法国足球国家队Law法国足球国家队) and Article 19 of the Financial Services (Jersey) Law 1998, as amended (the 法国足球国家队FS(J)L法国足球国家队).
The Banking Code has been prepared and issued for the purpose of setting out the principles and detailed requirements that must be complied with in the conduct of: (i) deposit-taking business, as defined by the Banking Law; and (ii) money service business, as defined by the FS(J)L, when carried on by a prescribed person meeting the definition of an exempt person in Article 5(1) of the Financial Services (Money Service Business (Exemptions)) (Jersey) Order 2007.
The Banking Code applies to all persons registered by the JFSC under Article 9 of the Banking Law to carry on deposit-taking business, including managed banks. A person carrying on deposit-taking business may take the form of either a Jersey incorporated company, in which case the defined term 法国足球国家队JIB法国足球国家队 is used within the Banking Code to refer to it, or a company incorporated in another jurisdiction that has a branch presence in Jersey (an 法国足球国家队OIB法国足球国家队). In the latter case, the requirements of the Banking Code only apply to the activities that the Jersey branch controls, unless otherwise stated, and the defined term 法国足球国家队Jersey Branch法国足球国家队 is used within the Banking Code to refer to that branch.
The Banking Code covers, amongst other things, conduct of business, corporate governance, financial resources and the effective risk management of all activities conducted by a registered person. Overseas branches of a JIB are subject to the Banking Code. Where local law or regulation prevents an overseas branch of a JIB from complying with the Banking Code, this must be notified to the JFSC in writing, together with proposals to resolve the conflict, which might include requesting a variation to the application of the Banking Code.
Where a registered person has multiple regulatory registrations in Jersey, the requirements of the applicable Code of Practice takes precedence over the Banking Code in respect of those aspects of its business that relate to other registrations. However, the Money Service Business Code does not apply; rather, the Banking Code applies to any money service business undertaken by a registered person.
Article 10 of the Banking Law establishes threshold conditions that apply on an on-going basis – the fit and proper assessment. This assessment process includes consideration of integrity, competence, financial standing, structure and organisation. The JFSC has published a Policy Statement:? Licensing Policy in respect of deposit-taking business under the Banking Law, Part 2 of which provides further information on the JFSC’s fit and proper assessment; paragraph 法国足球国家队5.4 法国足球国家队highlights the continuing nature of the fit and proper assessment. The Banking Code assists the JFSC in its on-going consideration of the fitness and propriety of a registered person by setting out standards that the registered person must meet, against which the registered person can be assessed.
Where the Banking Code requires a registered person to provide information to the JFSC, such requirement is established in accordance with the powers provided by Article 8 of the Financial Services Commission (Jersey) Law 1998.
法国足球国家队Arrangement of the Banking Code 法国足球国家队
The Banking Code is arranged under seven numbered sections. Each section is captioned by a principle, which is supported by detailed minimum requirements.
1. A registered person must conduct its business with integrity.
2. A registered person must have due regard for the interests of its customers.
3. A registered person must organise and control its affairs effectively for the proper performance of its business activities and be able to demonstrate the existence of adequate risk management systems.
4. A registered person must be transparent in its business arrangements.
5. A registered person must maintain, and be able to demonstrate the existence of, adequate financial resources.
6. A registered person must deal with the JFSC in an open and co-operative manner.
7. A registered person must not make statements that are misleading, false or deceptive.
Each section of the Banking Code is designed to be understood by reference to its full text, including any notes.
Appendix I to the Banking Code sets out additional guidance in respect of the following areas: corporate governance, credit risk, country and transfer risk, market risk, operational risk, interest rate risk, liquidity risk, customer due diligence, new product approval and stress testing. It is the JFSC’s intention to issue more detailed guidance on risk management on an on-going basis. Such guidance can be found on the JFSC’s website at www.jerseyfsc.org and includes:
? Liquidity guidance:? “Basel III: Liquidity Management and Reporting for Jersey Incorporated Deposit Takers” (法国足球国家队Liquidity Guidance Note法国足球国家队);
? Trading book guidance: “The JFSC’s rules relating to Trading Books” (法国足球国家队Trading Book Guidance Note法国足球国家队); and
? Capital adequacy assessment guidance: “Pillar 2 in Jersey” (法国足球国家队Pillar 2 Guidance Note法国足球国家队).
法国足球国家队Compliance with the Banking Code法国足球国家队
The Banking Code should be read by registered persons in conjunction with the Banking Law and its subordinate legislation, together with any conditions attached to a registration held under the Banking Law, and the relevant Handbook for the Prevention and Detection of Money Laundering and the Financing of Terrorism, issued by the JFSC (the 法国足球国家队relevant AML/CFT Handbook法国足球国家队).
It is the responsibility of a registered person not only to comply with the Banking Code, but also to implement such additional practices as it considers necessary to maintain adequate management and control of its business. In that respect, registered persons are recommended to monitor, and adopt as appropriate, risk management standards established from time to time by the Basel Committee on Banking Supervision. Where a registered person considers that it may not be able to achieve full compliance with the Banking Code for a temporary period (for example, for a short period after first being licensed) it should, in advance, agree a plan of action (to include timescales) with the JFSC to bring itself into full compliance with the Banking Code. In exceptional circumstances, where strict adherence to the Banking Code would produce an anomalous result, a registered person may apply to the JFSC for a variance.
A registered person may adopt other measures to those set out in Appendix I, including policies and procedures established by its parental group, so long as it can demonstrate that such measures are appropriate to its business activities and achieve compliance with the regulatory requirement established at Principle 3, which is to maintain adequate risk management systems.
In respect of managed banks, the management contract with the party providing the management function, which must be a registered person, must be in accordance with the JFSC’s policy on outsourcing, as may be updated from time to time. The registered person that is the managed bank must satisfy itself that the controls and risk management systems applied by itself and the service provider meet the requirements laid down in the Banking Code.
Failure by a registered person to follow the Banking Code may lead to the JFSC taking regulatory action, such as more intense supervision, the issue of a condition of registration, an increase in the registered person’s minimum capital ratio requirements or, in the most serious cases, the revocation of a registration.
In addition, continued failure to comply with the Banking Code may support a decision by the JFSC to issue a direction under Article 21 of the Banking Law, or Article 23 of the FS(J)L in relation to money service business. Such a direction might impose requirements on a registered person to do or not to do specified things, including the removal of specified individuals or the cessation of business. In appropriate circumstances, a direction can be made public by virtue of Article 48(2)(a) of the Banking Law or Article 25(a) of the FS(J)L.
The JFSC also has the power under Article 21A of the Financial Services Commission (Jersey) Law 1998 to impose financial penalties for significant and material contraventions of the Banking Code.
When considering a registered person’s failure to comply with the Banking Code, the JFSC places emphasis on whether or not the registered person conducts its business with integrity and deals with the JFSC in an open and co-operative manner.
Whilst Article 19A(3) of the Banking Law and Article 19(3) of the FS(J)L provide that the contravention of a Code of Practice does not of itself render a person liable to proceedings of any kind (excluding regulatory action that may be taken by the JFSC in response to a contravention) or invalidate any transaction, Article 19A(4) of the Banking Law and Article 19(4) of the FS(J)L provide that a Code of Practice is admissible in evidence if they appear to the court to be relevant to any questions arising in the proceedings.
In appropriate circumstances, the JFSC may issue a public statement, in accordance with Article 48 of the Banking Law or Article 25 of the FS(J)L, concerning a registered person, including where a registered person has failed to comply with the Banking Code.
In a number of places the Code requires the JFSC to be advised of a matter “in writing”. For the avoidance of doubt, a notification given by email, or by means of the JFSC’s web portal, will be considered by the JFSC to meet that requirement (unless the particular Code requirement specifies otherwise how a notification “in writing” must be given).
法国足球国家队Revision of the Banking Code法国足球国家队
In accordance with Article 19A(1)(b) of the Banking Law and Article 19(1)(b) of the FS(J)L, the JFSC may, after consultation with such persons or bodies as appear to be representative of the interests concerned, revise the Banking Code by revoking, varying, amending or adding to its provisions.
In July 2019, the JFSC provided a draft of this version of the Banking Code to all registered persons
The main change was regarding reporting requirements in respect of Large Exposures connected with Concession Limits. This entails the removal of requirements in this Code regarding prudential reporting of Large Exposures (法国足球国家队5.法国足球国家队4.7 法国足球国家队法国足球国家队and Appendix III) (as reporting requirements are set out in prudential reporting guidance) and revision of the defined term ‘Exempt Large Exposure’ to ‘CL Large Exposure’ (5.4.4) in order to avoid confusion with terms used in prudential reporting.
In addition, (1) the requirement to submit the ICAAP post any new approval (5.2.5) is amended to only require notification and (2) the Schedule for pre-2019 prudential return submissions has been omitted as it has no ongoing relevance.
This revised Banking Code is effective from 1 October 2019 for all registered persons.
Document revised 7 November 2019 - schedule table of contents removed and notes formatting improved on the website version.
Any person that has made an application to the JFSC which is currently under consideration, should review the Banking Code and contact the JFSC to discuss any areas where compliance on grant of registration may be an issue.
法国足球国家队3.法国足球国家队1.1 法国足球国家队法国足球国家队 A registered person must operate an effective corporate governance system, appropriate to the nature of the business.
法国足球国家队3.法国足球国家队1.2 法国足球国家队法国足球国家队 For a JIB, this must include:
法国足球国家队3.法国足球国家队1.法国足球国家队2.1 法国足球国家队法国足球国家队法国足球国家队 a minimum of two directors who are resident in Jersey;
法国足球国家队3.法国足球国家队1.法国足球国家队2.2 法国足球国家队法国足球国家队法国足球国家队 an appropriate number of non-executive directors; and
法国足球国家队3.法国足球国家队1.法国足球国家队2.3 法国足球国家队法国足球国家队法国足球国家队 procedures for the selection of directors, both executive and non?executive, which must be documented and in line with the stated structure, functions and accountabilities of the board of directors.
法国足球国家队3.法国足球国家队1.3 法国足球国家队法国足球国家队 For a Jersey Branch, this must include:
法国足球国家队3.法国足球国家队1.法国足球国家队3.1 法国足球国家队法国足球国家队法国足球国家队 the appointment of a local management function in Jersey with sufficient resources and capability to fulfil the obligations placed on the Jersey Branch by the Banking Code and all relevant legislation; and
法国足球国家队3.法国足球国家队1.法国足球国家队3.2 法国足球国家队法国足球国家队法国足球国家队 compliance with the additional condition of registration that a senior officer situated outside Jersey is appointed (the appointed senior officer), as set out in Article 11(2)(a) of the Banking Business (General Provisions) (Jersey) Order 2002, as amended (the General Provisions Order).
法国足球国家队3.法国足球国家队1.4 法国足球国家队法国足球国家队 The appointed senior officer must:
法国足球国家队3.法国足球国家队1.法国足球国家队4.1 法国足球国家队法国足球国家队法国足球国家队 have appropriate status within the OIB to influence the local management of the Jersey Branch;
法国足球国家队3.法国足球国家队1.法国足球国家队4.2 法国足球国家队法国足球国家队法国足球国家队 be required to regularly monitor the Jersey Branch’s financial performance, risk management and compliance; and
法国足球国家队3.法国足球国家队1.法国足球国家队4.3 法国足球国家队法国足球国家队法国足球国家队 be available for dialogue with the JFSC, as needed.
法国足球国家队3.法国足球国家队1.5 法国足球国家队法国足球国家队 The following further requirements apply to all registered persons:
法国足球国家队3.法国足球国家队1.法国足球国家队5.1 法国足球国家队法国足球国家队法国足球国家队 An adequate number of key persons, senior managers and/or directors, who are able to exercise independent judgement without duress or undue influence from one another to ensure compliance with the Banking Code and all relevant legislation;
法国足球国家队3.法国足球国家队1.法国足球国家队5.2 法国足球国家队法国足球国家队法国足球国家队 The apportionment of responsibilities amongst key persons, senior managers and/or directors must be such that their individual responsibilities are clear, there is separation of critical functions and the business and affairs of the registered person are adequately monitored and controlled at the appropriate level. There must be an adequate balance of skills and resources of back office functions relative to the front office.
法国足球国家队3.法国足球国家队1.6 法国足球国家队法国足球国家队 With respect to 3.1.1 to 3.1.5, as soon as a registered person becomes aware that the requirements will not be maintained, it must notify the JFSC in writing. In this respect, where a registered person has the minimum required number of individuals comprising its corporate governance structure and one of those individuals is absent from the business for a substantial period of time, the registered person must contact the JFSC to discuss its proposed arrangements to ensure that, during this period, the business is managed and controlled adequately.
法国足球国家队Other corporate governance matters法国足球国家队
法国足球国家队3.法国足球国家队1.7 法国足球国家队法国足球国家队 A registered person must have a clearly defined and appropriately documented and implemented risk management strategy for all significant risks faced. The strategy must be communicated adequately within the organisation (risk management is covered in more detail in 3.9) and must detail how risks are to be identified, assessed, monitored and controlled. The strategy must be approved:
法国足球国家队3.法国足球国家队1.法国足球国家队7.1 法国足球国家队法国足球国家队法国足球国家队 at board level in the case of a JIB; or
法国足球国家队3.法国足球国家队1.法国足球国家队7.2 法国足球国家队法国足球国家队法国足球国家队 by the appointed senior officer in the case of a Jersey Branch.
法国足球国家队3.法国足球国家队1.8 法国足球国家队法国足球国家队 A registered person must have clearly defined and appropriately documented and implemented strategic objectives and corporate values, against which success of the organisation and individuals can be measured. These must be adequately communicated within the organisation.
法国足球国家队3.法国足球国家队1.9 法国足球国家队法国足球国家队 A registered person must prepare management information to enable it to adequately monitor, assess and control the performance of its business, the state of its affairs and the risks to which it is exposed.
法国足球国家队3.法国足球国家队1.10 法国足球国家队法国足球国家队 A registered person must have an established procedure for employees to be able to communicate material and bona fide concerns of any sort confidentially to the board of directors or senior management, independently of their normal line management.
法国足球国家队3.法国足球国家队1.11 法国足球国家队法国足球国家队 All aspects of corporate governance arrangements must be subject to appropriately regular review to ensure their continuing adequacy in light of the registered person’s business activities and risk profiles. For a JIB, this must include a periodic self-assessment, or external assessment, of the board’s effectiveness.
法国足球国家队3.法国足球国家队1.12 法国足球国家队法国足球国家队 Where a JIB also operates through subsidiaries and branches (both in Jersey and overseas), effective corporate governance principles must be extended to those operations.
法国足球国家队3.法国足球国家队1.13 法国足球国家队法国足球国家队 A registered person must comply with the JFSC’s policy on outsourcing, as may be updated from time to time.
“A director, in exercising the director’s powers and discharging the director’s duties, shall –
a. ? act honestly and in good faith with a view to the best interests of the company; and
b. ? exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances.”
This Basel paper is considered to offer relevant guidance on best practices for corporate governance that registered persons should consider.
法国足球国家队3.法国足球国家队2.1 法国足球国家队法国足球国家队 A registered person must maintain and adequately document effective internal systems and controls, including policies and procedures that cover the operations of the business.
法国足球国家队3.法国足球国家队2.2 法国足球国家队法国足球国家队 Directors and senior management must exercise their judgment in determining the scope and nature of controls that are necessary (also having regard to their cost effectiveness). Once controls are established, it is the responsibility of directors and senior management to monitor their effective operation on a regular basis.
法国足球国家队3.法国足球国家队2.3 法国足球国家队法国足球国家队 A registered person’s systems must ensure that, inter alia:
法国足球国家队3.法国足球国家队2.法国足球国家队3.1 法国足球国家队法国足球国家队法国足球国家队 The business is planned and conducted properly, adequately and in an orderly manner, in accordance with local and group policies.
法国足球国家队3.法国足球国家队2.法国足球国家队3.2 法国足球国家队法国足球国家队法国足球国家队 Transactions and commitments are entered into in accordance with documented general or specific authorities.
法国足球国家队3.法国足球国家队2.法国足球国家队3.3 法国足球国家队法国足球国家队法国足球国家队 The assets of the registered person are safeguarded and the liabilities controlled through measures designed to minimise the risk of loss from irregularities, error, fraud and physical damage, and to identify such occurrences promptly should they occur.
法国足球国家队3.法国足球国家队2.法国足球国家队3.4 法国足球国家队法国足球国家队法国足球国家队 Adequate, orderly and up-to-date records are kept which must include, but are not necessarily limited to:
? contractual documentation;
? business transactions undertaken;
? transactions effected for customers, including transactional vouchers;
? internal organisation;
? risk management systems; and
? board or management minutes.
法国足球国家队3.法国足球国家队2.法国足球国家队3.5 法国足球国家队法国足球国家队法国足球国家队 The accounting and other records of the registered person capture and record on a timely basis and in an orderly fashion every transaction and commitment into which the registered person has entered. The accounting and other records must be used to compile financial statements, management information and returns in line with applicable regulatory and legal requirements (this includes Regulation 16 of the Banking Business (Depositors Compensation) (Jersey) Regulations 2009 (the Depositors Compensation Regulations)). Therefore they must contain sufficient information/detail:
? to provide all appropriate details of each such transaction and commitment;
? of exposure limits authorised by directors or senior management that are appropriate to the type, nature and volume of business undertaken;
? that can be summarised in such a way as to enable actual exposures to be readily, accurately and regularly measured against such limits; and
? of the factors considered, the analysis undertaken and the authorisation or rejection by directors or management in respect of all credit exposures.
法国足球国家队3.法国足球国家队2.法国足球国家队3.6 法国足球国家队法国足球国家队法国足球国家队 Information is maintained in such a manner that all appropriate financial and business information can be extracted promptly to enable directors and senior management to adequately monitor all relevant exposures and performance aspects of the registered person and make timely and informed decisions.
法国足球国家队3.法国足球国家队2.法国足球国家队3.7 法国足球国家队法国足球国家队法国足球国家队 Management is able to assess and monitor the adequacy of capital in relation to the dynamics of the business operation, including risk profiles and the quality of its assets.
法国足球国家队3.法国足球国家队2.法国足球国家队3.8 法国足球国家队法国足球国家队法国足球国家队 Management is able to identify and regularly assess all relevant risks in the conduct of its business, including liquidity, credit, country, transfer, operational, interest rate and market risk, so that:
? risks can be monitored and controlled appropriately;
? any losses can be monitored and controlled on a regular and timely basis; and
? appropriate provisions can be made for bad and doubtful debts and for any other exposures, both on- and off-balance sheet.
法国足球国家队3.法国足球国家队2.法国足球国家队3.9 法国足球国家队法国足球国家队法国足球国家队 Management is able to properly guard against involvement in financial crime and ensure that the registered person is complying with all relevant legislation and guidance to counter money laundering and the financing of terrorism (anti-money laundering legislation). The legislation must be observed in conjunction with the standards set out in the relevant AML/CFT Handbook.
法国足球国家队3.法国足球国家队2.法国足球国家队3.10 法国足球国家队法国足球国家队法国足球国家队 Management is able to perform sufficient due diligence on the registered person’s customers and prospective customers to adequately assess all relevant risks, including that of money laundering.
法国足球国家队3.法国足球国家队2.法国足球国家队3.11 法国足球国家队法国足球国家队法国足球国家队 Adequate business resumption, disaster recovery and other contingency arrangements are in place and tested at appropriate intervals.
法国足球国家队3.法国足球国家队2.法国足球国家队3.12 法国足球国家队法国足球国家队法国足球国家队 Adequate procedures are in place for controlling changes to systems and records to ensure that only valid changes are made to such systems and records.
法国足球国家队3.法国足球国家队2.法国足球国家队3.13 法国足球国家队法国足球国家队法国足球国家队 Adequate logical access controls are in place to protect the confidentiality and integrity of electronic assets.
法国足球国家队3.法国足球国家队2.4 法国足球国家队法国足球国家队 The control objectives in 3.2.3 above apply equally to operations undertaken in manual and electronic environments. Relevant controls must be applied to address those risks that are specific to computer systems.
法国足球国家队3.法国足球国家队2.5 法国足球国家队法国足球国家队 Where a JIB also operates through subsidiaries and branches (both in Jersey and overseas), internal systems and controls must extend to those operations and enable effective oversight by it.
法国足球国家队3.法国足球国家队3.1 法国足球国家队法国足球国家队 A registered person must have an appropriate Internal Audit function. The function must:
法国足球国家队3.法国足球国家队3.法国足球国家队1.1 法国足球国家队法国足球国家队法国足球国家队 have appropriate independence and report directly to the board of directors or a group audit committee or equivalent function;
法国足球国家队3.法国足球国家队3.法国足球国家队1.2 法国足球国家队法国足球国家队法国足球国家队 have unfettered access to all business lines, support departments and information necessary to appropriately perform the function;
法国足球国家队3.法国足球国家队3.法国足球国家队1.3 法国足球国家队法国足球国家队法国足球国家队 have appropriate status within the registered person to ensure that directors and senior management react to and determine whether to act upon its recommendations;
法国足球国家队3.法国足球国家队3.法国足球国家队1.4 法国足球国家队法国足球国家队法国足球国家队 have sufficient resources and staff that are adequately trained and have relevant auditing experience to understand and evaluate the business they are auditing; and
法国足球国家队3.法国足球国家队3.法国足球国家队1.5 法国足球国家队法国足球国家队法国足球国家队 employ a methodology that identifies all significant risks run by a registered person and allocate resources accordingly.
法国足球国家队3.法国足球国家队3.2 法国足球国家队法国足球国家队 The function is responsible for:
法国足球国家队3.法国足球国家队3.法国足球国家队2.1 法国足球国家队法国足球国家队法国足球国家队 assessing whether applicable risk management criteria, policies, practices and procedures are complied with; and
法国足球国家队3.法国足球国家队3.法国足球国家队2.2 法国足球国家队法国足球国家队法国足球国家队 reviewing whether existing policies, practices and controls remain sufficient and appropriate for the registered person’s business.
法国足球国家队3.法国足球国家队4.1 法国足球国家队法国足球国家队 The board of directors of a JIB, or in the case of a Jersey Branch the senior management, is responsible for ensuring that it has robust arrangements for compliance with the Banking Law, related Orders, the Banking Code and, if money service business is carried on, the FS(J)L, in so far as the registered person is not exempted. These arrangements must include:
法国足球国家队3.法国足球国家队4.法国足球国家队1.1 法国足球国家队法国足球国家队法国足球国家队 a compliance policy which must be approved:
? in the case of a JIB, at board level; or
? in the case of a Jersey Branch, by the appointed senior officer;
法国足球国家队3.法国足球国家队4.法国足球国家队1.2 法国足球国家队法国足球国家队法国足球国家队 the establishment of a permanent and effective compliance function whose responsibilities are formally documented;
法国足球国家队3.法国足球国家队4.法国足球国家队1.3 法国足球国家队法国足球国家队法国足球国家队 assessment, on at least an annual basis, of the extent to which compliance risk is managed effectively; and
法国足球国家队3.法国足球国家队4.法国足球国家队1.4 法国足球国家队法国足球国家队法国足球国家队 the appointment of an appropriately skilled and experienced person as its Compliance Officer.
法国足球国家队3.法国足球国家队4.2 法国足球国家队法国足球国家队 The compliance function must:
法国足球国家队3.法国足球国家队4.法国足球国家队2.1 法国足球国家队法国足球国家队法国足球国家队 have appropriate independence;
法国足球国家队3.法国足球国家队4.法国足球国家队2.2 法国足球国家队法国足球国家队法国足球国家队 have direct access to the registered person’s Jersey board of directors or senior management;
法国足球国家队3.法国足球国家队4.法国足球国家队2.3 法国足球国家队法国足球国家队法国足球国家队 have unfettered access to all business lines, support departments and information necessary to appropriately perform the function;
法国足球国家队3.法国足球国家队4.法国足球国家队2.4 法国足球国家队法国足球国家队法国足球国家队 act as the principal point of contact for employees on day-to-day regulatory matters; and
法国足球国家队3.法国足球国家队4.法国足球国家队2.5 法国足球国家队法国足球国家队法国足球国家队 have sufficient resources to discharge the responsibilities of the function.
法国足球国家队3.法国足球国家队4.3 法国足球国家队法国足球国家队 The registered person must ensure that the Compliance Officer is responsible for:
法国足球国家队3.法国足球国家队4.法国足球国家队3.1 法国足球国家队法国足球国家队法国足球国家队 co-ordinating the identification and oversight of the registered person’s compliance risk, including monitoring and instigating actions to remedy identified deficiencies in compliance risk management;
法国足球国家队3.法国足球国家队4.法国足球国家队3.2 法国足球国家队法国足球国家队法国足球国家队 supervising the activities of other compliance function staff;
法国足球国家队3.法国足球国家队4.法国足球国家队3.3 法国足球国家队法国足球国家队法国足球国家队 providing senior management and the board of directors of the registered person with regular compliance reports; and
法国足球国家队3.法国足球国家队4.法国足球国家队3.4 法国足球国家队法国足球国家队法国足球国家队 acting as the principal point of contact with the JFSC on day?to?day regulatory matters.
法国足球国家队3.法国足球国家队4.4 法国足球国家队法国足球国家队 The Compliance Officer must:
法国足球国家队3.法国足球国家队4.法国足球国家队4.1 法国足球国家队法国足球国家队法国足球国家队 be an individual operating under a contract of employment directly with the registered person or another company within the same group;
法国足球国家队3.法国足球国家队4.法国足球国家队4.2 法国足球国家队法国足球国家队法国足球国家队 be based in Jersey;
法国足球国家队3.法国足球国家队4.法国足球国家队4.3 法国足球国家队法国足球国家队法国足球国家队 have sufficient experience and skills, including holding an appropriate compliance or other qualification or be studying towards such a qualification; and
法国足球国家队3.法国足球国家队4.法国足球国家队4.4 法国足球国家队法国足球国家队法国足球国家队 have appropriate status within the registered person to ensure that directors and senior management react to and determine whether to act upon his or her recommendations.
法国足球国家队3.法国足球国家队4.5 法国足球国家队法国足球国家队 In the event that a Compliance Officer is temporarily unable to fulfil his/her responsibilities, the registered person must:
法国足球国家队3.法国足球国家队4.法国足球国家队5.1 法国足球国家队法国足球国家队法国足球国家队 notify the JFSC; and
法国足球国家队3.法国足球国家队4.法国足球国家队5.2 法国足球国家队法国足球国家队法国足球国家队 designate an appropriately skilled and experienced alternate.
法国足球国家队3.法国足球国家队4.6 法国足球国家队法国足球国家队 With respect to 3.4.5, notification to the JFSC must be made, in writing, as soon as the registered person becomes aware that the compliance officer will be temporarily unable to fulfil their responsibilities.
法国足球国家队3.法国足球国家队5.1 法国足球国家队法国足球国家队 A registered person must ensure that it has appropriate record keeping arrangements for compliance with the applicable Laws (including anti-money laundering legislation and company legislation), Orders and regulatory requirements set by the Banking Code or the relevant AML/CFT Handbook.
法国足球国家队3.法国足球国家队5.2 法国足球国家队法国足球国家队 A registered person is expected to maintain its books and records in a language understood by the employees of the business. These must be translated into English at the request of the JFSC. A registered person must be able to readily retrieve them in Jersey and, if kept otherwise than in legible form, maintain them so as to be readable at a computer terminal in Jersey so that they may be produced in legible form without delay.
法国足球国家队3.法国足球国家队5.3 法国足球国家队法国足球国家队 A registered person must have a clearly documented policy and procedure regarding record retention that includes:
法国足球国家队3.法国足球国家队5.法国足球国家队3.1 法国足球国家队法国足球国家队法国足球国家队 periodic review of the accessibility and condition of paper and electronic records;
法国足球国家队3.法国足球国家队5.法国足球国家队3.2 法国足球国家队法国足球国家队法国足球国家队 the adequacy of the safekeeping of records; and
法国足球国家队3.法国足球国家队5.法国足球国家队3.3 法国足球国家队法国足球国家队法国足球国家队 periodic testing of procedures relating to the retrieval of records.
法国足球国家队3.法国足球国家队5.4 法国足球国家队法国足球国家队 A registered person that is ceasing to conduct deposit-taking business or money service business is required to arrange appropriate record keeping arrangements as part of a cessation of business plan.
法国足球国家队3.法国足球国家队5.5 法国足球国家队法国足球国家队 A registered person must maintain an audit trail of material changes to the policies and procedures manual that covers the operation of the business, which is updated as required. When updates are made, the effective date of such updates must be recorded and the superseded records maintained.
法国足球国家队3.法国足球国家队5.6 法国足球国家队法国足球国家队 The period for which business records must be kept is the later of:
法国足球国家队3.法国足球国家队5.法国足球国家队6.1 法国足球国家队法国足球国家队法国足球国家队 the period required for any particular record by any law;
法国足球国家队3.法国足球国家队5.法国足球国家队6.2 法国足球国家队法国足球国家队法国足球国家队 the relevant AML/CFT Handbook; or
法国足球国家队3.法国足球国家队5.法国足球国家队6.3 法国足球国家队法国足球国家队法国足球国家队 where records relate to significant corporate governance matters, such as management meeting minutes and risk assessment matters or are records relating to requirements established by the Banking Code – ten years from the date of the record.
法国足球国家队3.法国足球国家队5.7 法国足球国家队法国足球国家队 A registered person is expected to keep adequate, orderly and up-to-date customer records which are in line with the requirements established by Part?4 of the Money Laundering Order and as set out in the relevant AML/CFT Handbook.
法国足球国家队3.法国足球国家队5.8 法国足球国家队法国足球国家队 In addition to the records required by the Money Laundering Order, the following minimum retention periods must be applied:
法国足球国家队3.法国足球国家队5.法国足球国家队8.1 法国足球国家队法国足球国家队法国足球国家队 contractual documentation such as account opening paperwork, mandates and loan agreements – ten years from account closure or loan repayment;
法国足球国家队3.法国足球国家队5.法国足球国家队8.2 法国足球国家队法国足球国家队法国足球国家队 transactional vouchers, such as cheques – six years from the date of the transaction; and
法国足球国家队3.法国足球国家队5.法国足球国家队8.3 法国足球国家队法国足球国家队法国足球国家队 any other records relating to requirements established by the Banking Code, including bank statements – ten years from the date of the record.
法国足球国家队3.法国足球国家队6.1 法国足球国家队法国足球国家队 A registered person must establish and maintain an effective customer complaint handling system and procedures, in particular to:
法国足球国家队3.法国足球国家队6.法国足球国家队1.1 法国足球国家队法国足球国家队法国足球国家队 maintain adequate records of complaints against the registered person, including a central register that contains details of any compensation agreed to be paid or compromise reached;
法国足球国家队3.法国足球国家队6.法国足球国家队1.2 法国足球国家队法国足球国家队法国足球国家队 inform customers of how complaints may be made and how they may expect these to be responded to;
法国足球国家队3.法国足球国家队6.法国足球国家队1.3 法国足球国家队法国足球国家队法国足球国家队 handle customer complaints transparently, competently, diligently, and impartially;
法国足球国家队3.法国足球国家队6.法国足球国家队1.4 法国足球国家队法国足球国家队法国足球国家队 provide, in writing, within five business days (except as otherwise agreed with the complainant) an acknowledgement that their complaint has been received, including confirmation that the complaint is being considered and providing the information referred to at 220.127.116.11;
法国足球国家队3.法国足球国家队6.法国足球国家队1.5 法国足球国家队法国足球国家队法国足球国家队 keep the complainant informed about the progress of their complaint, including details of any actions being taken to resolve their complaint;
法国足球国家队3.法国足球国家队6.法国足球国家队1.6 法国足球国家队法国足球国家队法国足球国家队 advise the complainant in writing when the complaint is considered closed and, where the complaint is not upheld, clearly state the reason(s) for rejecting it;
法国足球国家队3.法国足球国家队6.法国足球国家队1.7 法国足球国家队法国足球国家队法国足球国家队 at the same time, where the complaint relates to the registered person’s Jersey operations, advise the complainant in writing:
? that if they are dissatisfied with its response to the complaint, the complainant may be able to refer the complaint to the Channel Islands Financial Ombudsman;
? of the contact details for the Channel Islands Financial Ombudsman (namely its website address, postal address, email address and telephone number); and
法国足球国家队3.法国足球国家队6.法国足球国家队1.8 法国足球国家队法国足球国家队法国足球国家队 enable consideration of customer complaints data for patterns emerging.
法国足球国家队3.法国足球国家队6.2 法国足球国家队法国足球国家队 A registered person must notify the JFSC, in writing, on a monthly basis, using the JFSC’s reporting template:
法国足球国家队3.法国足球国家队6.法国足球国家队2.1 法国足球国家队法国足球国家队法国足球国家队 of any outstanding customer complaints not satisfactorily resolved within three months of the customer having lodged the complaint;
法国足球国家队3.法国足球国家队6.法国足球国家队2.2 法国足球国家队法国足球国家队法国足球国家队 if the Channel Islands Financial Ombudsman, using the powers it has under Article 16 of the Financial Services Ombudsman (Jersey) Law 2014, has required the registered person to pay compensation to a complainant or has directed the registered person to take other specified steps in relation to a complainant;
法国足球国家队3.法国足球国家队6.法国足球国家队2.3 法国足球国家队法国足球国家队法国足球国家队 if a pattern to complaints is identified; or
法国足球国家队3.法国足球国家队6.法国足球国家队2.4 法国足球国家队法国足球国家队法国足球国家队 of any complaints having resulted, in the previous month, in a claim having been made on any Professional Indemnity Insurance policy, or any type of ex gratia payment made, in excess of ?2,500.
法国足球国家队3.法国足球国家队6.3 法国足球国家队法国足球国家队 A registered person must deal with the Channel Islands Financial Ombudsman in an open and co-operative manner.
? making a settlement offer that is conditional upon the complainant not referring the matter to the Channel Islands Financial Ombudsman. (The complainant may want to seek independent advice from the Channel Islands Financial Ombudsman before deciding whether or not to accept the offer.) This would not preclude a registered person – if it has fully informed the complainant of their right to refer their complaint to the Channel Islands Financial Ombudsman – asking the complainant to sign a full and final release as part of the settlement if the offer is accepted;
? misleading a complainant about their right to refer a complaint to the Channel Islands Financial Ombudsman;
? ? offering a view as to the likelihood of the Channel Islands Financial Ombudsman ruling in favour of the complainant.
法国足球国家队3.法国足球国家队7.1 法国足球国家队法国足球国家队 A registered person must ensure that its directors, senior managers and all other employees are fit and proper for their roles. The term “employees” includes not only staff directly employed by the registered person but also indirect employees such as temporary or contracted employees and other contracted service providers.
法国足球国家队3.法国足球国家队7.2 法国足球国家队法国足球国家队 A registered person must:
法国足球国家队3.法国足球国家队7.法国足球国家队2.1 法国足球国家队法国足球国家队法国足球国家队 operate robust arrangements for meeting the standards and requirements of the regulatory system;
法国足球国家队3.法国足球国家队7.法国足球国家队2.2 法国足球国家队法国足球国家队法国足球国家队 ensure adequate supervision of employees and authorisation procedures;
法国足球国家队3.法国足球国家队7.法国足球国家队2.3 法国足球国家队法国足球国家队法国足球国家队 ensure that all transactions and decisions are properly authorised by persons with the requisite knowledge and experience to effect such transactions or make such decisions; and
法国足球国家队3.法国足球国家队7.法国足球国家队2.4 法国足球国家队法国足球国家队法国足球国家队 adequately vet and monitor the probity of its directors, senior managers and other employees.
法国足球国家队3.法国足球国家队7.3 法国足球国家队法国足球国家队 A registered person must ensure that:
法国足球国家队3.法国足球国家队7.法国足球国家队3.1 法国足球国家队法国足球国家队法国足球国家队 it has a clear, documented policy regarding the identification, notification and handling of any conflicts of interest that its directors and employees may encounter during the normal course of their employment in the registered person’s business; and
法国足球国家队3.法国足球国家队7.法国足球国家队3.2 法国足球国家队法国足球国家队法国足球国家队 it has a clear, documented policy regarding private transactions, self-dealing, preferential treatment and other transactions of a non-arm’s length nature.
法国足球国家队3.法国足球国家队7.4 法国足球国家队法国足球国家队 A registered person must ensure that its employees are appropriately competent on an on-going basis and trained adequately and appropriately. Competence may comprise a balance between relevant qualifications held, training received and experience gained, having regard, amongst other things, to the nature of the work carried out by the employee and the level of his or her responsibility. Competency requirements should be set out in each employee’s job description, with an assessment of the individual’s competency against this description performed on an appropriately regular basis.
法国足球国家队3.法国足球国家队7.5 法国足球国家队法国足球国家队 A registered person must ensure that it obtains and retains copies of documentary evidence of qualifications held by employees where such qualifications have been established by the registered person as a requirement for the role involved.
法国足球国家队3.法国足球国家队8.1 法国足球国家队法国足球国家队 A registered person must ensure that the opportunity is available to all relevant employees to continue their professional development as part of their normal working environment.
法国足球国家队3.法国足球国家队8.2 法国足球国家队法国足球国家队 A registered person must determine an appropriate minimum time to be spent on CPD each year by individual relevant employees and how this is to be allocated, which may vary, dependent upon the professional body involved.
法国足球国家队3.法国足球国家队8.3 法国足球国家队法国足球国家队 A registered person must ensure that the CPD is appropriate and relevant to employees, taking into account their job descriptions, current duties and future development needs.
法国足球国家队3.法国足球国家队8.4 法国足球国家队法国足球国家队 A registered person must maintain CPD records for all relevant employees (although it is permissible for a registered person to require employees to keep their own records and account to the registered person on a regular basis).
法国足球国家队3.法国足球国家队9.1 法国足球国家队法国足球国家队 A registered person must undertake an assessment of the resource requirements necessary for an appropriate risk management system, with larger and more complex registered persons having an independent unit responsible for risk evaluation, monitoring and control for material risk areas.
法国足球国家队3.法国足球国家队9.2 法国足球国家队法国足球国家队 A registered person must document and implement clearly defined procedures which ensure that there is appropriate oversight of all relevant areas of risk management by the board of directors or, in the case of a Jersey Branch, senior management. The risk management procedures must include:
法国足球国家队3.法国足球国家队9.法国足球国家队2.1 法国足球国家队法国足球国家队法国足球国家队 Assessment of the risks present in the business, which must be documented, as must the ways in which these are assessed.
法国足球国家队3.法国足球国家队9.法国足球国家队2.2 法国足球国家队法国足球国家队法国足球国家队 Risk management criteria, policies and practices which measure, monitor and control risks, as appropriate to the type, nature and volume of business undertaken.
法国足球国家队3.法国足球国家队9.法国足球国家队2.3 法国足球国家队法国足球国家队法国足球国家队 Setting exposure limits, which must include recording the basis of decisions for individual limits.
法国足球国家队3.法国足球国家队9.法国足球国家队2.4 法国足球国家队法国足球国家队法国足球国家队 Effective communication to appropriate personnel of risk management criteria, policies, practices and procedures, this to include readily available current reference material such as procedures manuals.
法国足球国家队3.法国足球国家队9.法国足球国家队2.5 法国足球国家队法国足球国家队法国足球国家队 Setting and agreeing individuals’ authority levels.
法国足球国家队3.法国足球国家队9.法国足球国家队2.6 法国足球国家队法国足球国家队法国足球国家队 Accurate and reliable management information and reporting systems.
法国足球国家队3.法国足球国家队9.法国足球国家队2.7 法国足球国家队法国足球国家队法国足球国家队 The maintenance of an effective documented system of internal control that is appropriate to the type, nature and volume of business undertaken.
法国足球国家队3.法国足球国家队9.法国足球国家队2.8 法国足球国家队法国足球国家队法国足球国家队 Reporting to board/senior management must include exceptions to established policies, processes and limits. This should ensure that details of any exemptions granted and control breakdowns are reported and enable the board/senior management to give prompt attention to addressing deficiencies.
法国足球国家队3.法国足球国家队9.3 法国足球国家队法国足球国家队 Appendix I to the Banking Code sets out additional guidance in respect of the following areas: corporate governance, credit risk, country and transfer risk, market risk, operational risk, interest rate risk, liquidity risk, customer due diligence and stress testing. This cross-refers to JFSC issued guidance notes and guidance promulgated by the Basel Committee on Banking Supervision. A registered person may adopt other measures to those set out in Appendix I, including policies and procedures established by group, so long as it can demonstrate that such measures are appropriate to its business activities and achieve compliance with the overriding regulatory requirement to maintain adequate risk management systems.
法国足球国家队3.法国足球国家队9.4 法国足球国家队法国足球国家队 A registered person must establish and maintain a robust liquidity risk management framework. The framework must include clear articulation of the registered person’s liquidity risk tolerance and a strategy, policies, procedures and controls to manage and monitor liquidity on an on-going basis. In particular, a registered person must create and maintain the following documents:
法国足球国家队3.法国足球国家队9.法国足球国家队4.1 法国足球国家队法国足球国家队法国足球国家队 a Liquidity Management Policy (LMP); and
法国足球国家队3.法国足球国家队9.法国足球国家队4.2 法国足球国家队法国足球国家队法国足球国家队 a Liquidity Contingency Plan (LCP) (which may form part of the LMP).
法国足球国家队3.法国足球国家队9.5 法国足球国家队法国足球国家队 With respect to the documents required by 3.9.4, maintenance should include both:
法国足球国家队3.法国足球国家队9.法国足球国家队5.1 法国足球国家队法国足球国家队法国足球国家队 an annual review; and
法国足球国家队3.法国足球国家队9.法国足球国家队5.2 法国足球国家队法国足球国家队法国足球国家队 a review carried out where there is a material change in the registered person’s risk profile.
法国足球国家队3.法国足球国家队9.6 法国足球国家队法国足球国家队 Where behavioural adjustments have been agreed by the JFSC for the purpose of its LMP, as allowed for in the Liquidity Guidance Note, the annual review should consider whether the adjustments agreed remain appropriate.
法国足球国家队3.法国足球国家队9.7 法国足球国家队法国足球国家队 JIBs should monitor liquidity daily, in accordance with the limits set in the Liquidity Guidance Note, and report breaches immediately to the JFSC in writing.
法国足球国家队3.法国足球国家队9.8 法国足球国家队法国足球国家队 In relation to the documents detailed in 3.9.4, whenever the board (JIB) or senior management (Jersey Branch) approves amendments the JFSC must be provided with revised copies within five business days of their approval.
a. ? through establishing and maintaining local policies and procedures;
b. ? adoption of the OIB policies and procedures, if these meet the criteria with no amendment; or
c. ? a combination of the OIB policies and procedures accompanied by local policies and procedures as necessary. Both the OIB LMP/LCP and relevant local policies and procedures must be provided to the JFSC where this approach is used.
法国足球国家队New 法国足球国家队法国足球国家队P法国足球国家队法国足球国家队roduct Approval法国足球国家队
法国足球国家队3.法国足球国家队9.9 法国足球国家队法国足球国家队 All registered persons must have a documented new product approval policy that is subject to the approval of the board/senior management and is signed off by all relevant internal stakeholders, including those involved in risk control.
法国足球国家队3.法国足球国家队9.10 法国足球国家队法国足球国家队 The new product approval process must, as a minimum, consider the impact of the product on the following areas:
法国足球国家队3.法国足球国家队9.法国足球国家队10.1 法国足球国家队法国足球国家队法国足球国家队 risk management;
法国足球国家队3.法国足球国家队9.法国足球国家队10.2 法国足球国家队法国足球国家队法国足球国家队 operations, including operational risk;
法国足球国家队3.法国足球国家队9.法国足球国家队10.3 法国足球国家队法国足球国家队法国足球国家队 profitability and capital;
法国足球国家队3.法国足球国家队9.法国足球国家队10.4 法国足球国家队法国足球国家队法国足球国家队 liquidity;
法国足球国家队3.法国足球国家队9.法国足球国家队10.5 法国足球国家队法国足球国家队法国足球国家队 compliance, including AML/CFT, capital adequacy, large exposures and liquidity regulations; and
法国足球国家队3.法国足球国家队9.法国足球国家队10.6 法国足球国家队法国足球国家队法国足球国家队 accounting matters, including valuations.
法国足球国家队3.法国足球国家队9.11 法国足球国家队法国足球国家队 The new product approval process must require consideration as to whether the product is a “new activity” that requires disclosure to the JFSC, in accordance with paragraph 6.10.
法国足球国家队3.法国足球国家队10.1 法国足球国家队法国足球国家队 A registered person must not pay a financial penalty imposed by the JFSC on any other person.
法国足球国家队3.法国足球国家队10.2 法国足球国家队法国足球国家队 A registered person must not enter into, arrange, claim on or make a payment under a contract of insurance that is intended to have, or has or would have, the effect of indemnifying any person against all or part of a financial penalty imposed by the JFSC.
法国足球国家队4.法国足球国家队3.1 法国足球国家队法国足球国家队 clearly identifiable as being applicable contractual arrangements;
法国足球国家队4.法国足球国家队3.2 法国足球国家队法国足球国家队 consistent with the Banking Code; and
法国足球国家队4.法国足球国家队3.3 法国足球国家队法国足球国家队 provided before the contract becomes legally binding on the parties, except when it is acceptable to both parties not to do so, in which case, the terms and conditions shall be provided at the earliest opportunity.
法国足球国家队4.法国足球国家队4.1 法国足球国家队法国足球国家队 the method of calculation of fees and charges;
法国足球国家队4.法国足球国家队4.2 法国足球国家队法国足球国家队 the basis on which interest is calculated and the frequency with which it will be debited or credited;
法国足球国家队4.法国足球国家队4.3 法国足球国家队法国足球国家队 the manner in which the customer will be notified of changes to the terms and conditions and changes to interest rates, fees and charges. In the case of terms and conditions, this should include a reasonable minimum notice period;
法国足球国家队4.法国足球国家队4.4 法国足球国家队法国足球国家队 any minimum balance requirement or restriction on depositing money in, or withdrawing money from, a bank account; and
法国足球国家队4.法国足球国家队4.5 法国足球国家队法国足球国家队 the frequency with which bank statements will be provided to the customer.
法国足球国家队5.法国足球国家队1.1 法国足球国家队法国足球国家队 A JIB must maintain a minimum of ?5,000,000 of Tier 1 capital.
法国足球国家队5.法国足球国家队2.1 法国足球国家队法国足球国家队 A JIB must maintain a level of capital commensurate with the nature and scale of its business and full risk profile.
法国足球国家队5.法国足球国家队2.2 法国足球国家队法国足球国家队 Notwithstanding this, a JIB’s capital ratios must be maintained at all times, at or above:
法国足球国家队5.法国足球国家队2.法国足球国家队2.1 法国足球国家队法国足球国家队法国足球国家队 Common Equity Tier 1 ratio: 8.5% of risk weighted assets;
法国足球国家队5.法国足球国家队2.法国足球国家队2.2 法国足球国家队法国足球国家队法国足球国家队 Tier 1 ratio: 8.5% of risk weighted assets; and
法国足球国家队5.法国足球国家队2.法国足球国家队2.3 法国足球国家队法国足球国家队法国足球国家队 Total capital ratio: 10% of risk weighted assets,
or such other ratio as agreed with the JFSC and established by application of a registration condition in accordance with Article 11 of the Banking Law.
法国足球国家队5.法国足球国家队2.3 法国足球国家队法国足球国家队 A JIB must manage its liquidity position commensurate with the nature and scale of its business and full risk profile.
法国足球国家队5.法国足球国家队2.4 法国足球国家队法国足球国家队 Notwithstanding this, the JIB must monitor its Liquidity Coverage Ratio (LCR) ratio at all times unless the JFSC has agreed to vary this code and instead required that the Liquidity Mismatch Ratio (LMR) should be monitored.
法国足球国家队5.法国足球国家队2.5 法国足球国家队法国足球国家队 A JIB must maintain adequate procedures and controls to assess and manage its capital adequacy and liquidity on an on-going basis. In particular, a JIB must create and maintain an Internal Capital and liquidity Adequacy Assessment Process (ICAAP) document. Whenever the board approves amendments the JFSC must be notified within five business days. Maintenance of the ICAAP should include both:
法国足球国家队5.法国足球国家队2.法国足球国家队5.1 法国足球国家队法国足球国家队法国足球国家队 An annual review; and
法国足球国家队5.法国足球国家队2.法国足球国家队5.2 法国足球国家队法国足球国家队法国足球国家队 A review carried out where there is a material change in the JIB’s risk profile.
法国足球国家队5.法国足球国家队2.6 法国足球国家队法国足球国家队 The three capital ratios - (1) Common Equity Tier 1 ratio, (2) Tier 1 capital ratio and? (3) Total capital ratio - and the liquidity ratio - (4) LCR or LMR, as applicable - must be calculated in accordance with the JFSC’s prudential reporting instructions (see Schedule), except where otherwise agreed by the JFSC.
法国足球国家队5.法国足球国家队2.7 法国足球国家队法国足球国家队 Each of the four ratios must be calculated on a solo basis unless the JIB has a material banking subsidiary, when each ratio should be calculated, unless otherwise agreed by the JFSC, as the lower of the relevant:
法国足球国家队5.法国足球国家队2.法国足球国家队7.1 法国足球国家队法国足球国家队法国足球国家队 Ratio calculated on a solo basis; or
法国足球国家队5.法国足球国家队2.法国足球国家队7.2 法国足球国家队法国足球国家队法国足球国家队 Ratio calculated on a solo-consolidated basis (consolidating banking subsidiaries only).
法国足球国家队5.法国足球国家队2.8 法国足球国家队法国足球国家队 The three capital ratios must be calculated using the methodologies agreed by the JFSC for credit, operational and market risk. Changes to the methodology, including use of advanced approaches, require prior written notification to, and approval by, the JFSC. The JIB’s ICAAP document should confirm the methodology used in respect of each of these risks, within the relevant section.
法国足球国家队5.法国足球国家队2.9 法国足球国家队法国足球国家队 The liquidity ratio must be calculated using only the adjustment factors agreed by the JFSC (LCR/LMR adjustments). Changes to LCR/LMR adjustments require prior written notification to, and approval by, the JFSC. The JIB’s ICAAP document should confirm the LCR/LMR adjustments used in respect of each item within the section on liquidity risk.
a. ? standardised approach for credit risk (SAC);
b. ? simplified standardised approach for credit risk (SSA); and
c. ? advanced approaches,
methodologies available for operational risk are:
d. ? standardised approach for operational risk;
e. ? alternative standardised approach for operational risk;
f.basic indicator approach; and
g. ? advanced measurement approach and
methodologies available for market risk are:
h. ? standardised approach for market risk; and
i. ? advanced approaches.
a. If a JIB wishes to (1) use the LMR or (2) benefit from LCR/LMR adjustments, from 1 January 2019 (i.e. prior to the JFSC having reviewed its relevant ICAAP documentation in 2019), a request must be submitted by the end of July 2018.
b. The request should provide an interim assessment of:
c. ? LCR/LMR adjustments, based generally on existing one month liquidity behavioural adjustments (LBAs), except where the LCR/LMR minima/maxima are more conservative, in which case the LCR minima/maxima must be used; and
d. HQLA eligibility, referencing Group criteria rather than being based on local assessment.
e. ? In cases where, for different categories:
f. some existing LBAs exceed LCR minima; but
g. other existing LBAs are lower than the LCR minima,
h. no offsetting will be permitted of the impact (i.e. in the first instance, the existing LBAs could be used whereas in the second instance the LCR minima would apply).
i. ? In two cases, a different approach may be used for the transitional period:
j. ? Firstly, in the case of stable retail deposits, the LCR minimum may be used, irrespective of existing LBAs; and
k. ? Secondly, in the case of LBAs where concentration limits currently apply, an increase to the maximum agreed limit may be requested, up to the lower of (A) ?20 million and (B) 1% of the JIB’s balance sheet.
l. ? If any transitional issues arise they should be notified to the JFSC as soon as practicable.
法国足球国家队5.法国足球国家队3.1 法国足球国家队法国足球国家队 A JIB is required to ensure that an acceptable parent bank provides a Letter of Comfort to the JFSC. An acceptable parent bank would be the ultimate banking parent or an intermediate parent bank, providing that the latter ranks within the world top 1000 banks by Tier 1 capital. A Letter of Comfort records confirmation that the provider will ensure the continuing financial viability of the JIB. Terminology used may vary but must be in a form acceptable to the JFSC.
法国足球国家队5.法国足球国家队3.2 法国足球国家队法国足球国家队 The Letter of Comfort must initially be provided as part of any request for registration and re-issued every three years.
法国足球国家队5.法国足球国家队3.3 法国足球国家队法国足球国家队 If any change of ownership is proposed that would lead to the entity no longer being owned by the provider of the Letter of Comfort, the JFSC will require that a new letter is provided from an acceptable parent bank before it provides its consent for the change of shareholder controller.
法国足球国家队5.法国足球国家队3.4 法国足球国家队法国足球国家队 Where a Jersey Branch is a managed branch (that is, a Jersey Branch of the OIB that is managed in Jersey by another party (JIB or another Jersey Branch)), written confirmation is required from the head office of the OIB that it accepts full responsibility for the liabilities of the managed Jersey Branch. Such confirmation is required to be provided to the JFSC prior to registration and on a three yearly cycle thereafter.
法国足球国家队5.法国足球国家队4.1 法国足球国家队法国足球国家队 A JIB must obtain prior approval from the JFSC for all exposures to any counterparty, or group of connected counterparties, in excess of 25% of its agreed capital resources (ACR). Such an exposure is referred to as an LE25. The approval process for LE25s is the same, regardless of whether the exposure is booked within the JIB’s banking book or trading book.
法国足球国家队5.法国足球国家队4.2 法国足球国家队法国足球国家队 Requests for LE25 approval must be submitted in writing at least two business days in advance of any required date for response. Appendix III establishes the detailed framework of requirements for the approval of Large Exposures that exceed 25% of a JIB’s ACR.
法国足球国家队5.法国足球国家队4.3 法国足球国家队法国足球国家队 Certain LE25s are pre-approved but these are limited in scope and approval is conditional on all deals relating to such exposures being post-notified to the JFSC (see Appendix III, Section 1 – Money Market Concession).
法国足球国家队5.法国足球国家队4.4 法国足球国家队法国足球国家队 LE25s that are direct exposures to counterparties for which a Concession Limit has been agreed:
法国足球国家队5.法国足球国家队4.法国足球国家队4.1 法国足球国家队法国足球国家队法国足球国家队 do not require further day-to-day approval (see Appendix III, Section?2 – Concession Limits);
法国足球国家队5.法国足球国家队4.法国足球国家队4.2 法国足球国家队法国足球国家队法国足球国家队 are referred to herein as ‘CL Large Exposures’;
法国足球国家队5.法国足球国家队4.法国足球国家队4.3 法国足球国家队法国足球国家队法国足球国家队 are not included for the purpose of determining compliance with the aggregate Large Exposure limit of 800%;.
法国足球国家队5.法国足球国家队4.5 法国足球国家队法国足球国家队 The JFSC may approve LE25s where:
法国足球国家队5.法国足球国家队4.法国足球国家队5.1 法国足球国家队法国足球国家队法国足球国家队 an appropriate guarantee or loan takeover agreement (LTA) is in place from an acceptable parent bank or a party for which a Concession Limit has been approved (see Appendix III, Section 3 – “Day-to-day LE25 approval requirements – guaranteed exposures”). Such exposures are referred to as ‘Guaranteed Large Exposures’ and are not included for the purpose of determining compliance with the aggregate Large Exposure limit; or
法国足球国家队5.法国足球国家队4.法国足球国家队5.2 法国足球国家队法国足球国家队法国足球国家队 appropriate high quality collateral arrangements are in place and exposures are less than 100% of the JIB’s ACR (see Appendix III, Section 4 – “Day-to-day LE25 approval requirements – collateralised exposures”); or
法国足球国家队5.法国足球国家队4.法国足球国家队5.3 法国足球国家队法国足球国家队法国足球国家队 the exposure does not meet either of the above criteria for approval but the JIB considers that the particular circumstances warrant approval (see Appendix III, Section 5 – “Approval of LE25s not meeting the specified criteria”).
法国足球国家队5.法国足球国家队4.6 法国足球国家队法国足球国家队 A JIB must report to the JFSC, via the quarterly prudential return, all exposures to any counterparty or group of connected counterparties in excess of 10% of its ACR (a Large Exposure).
法国足球国家队5.法国足球国家队4.7 法国足球国家队法国足球国家队 A JIB must notify the JFSC in writing within five business days if the total value of all Large Exposures exceeds 300% of ACR, after excluding “CL Large Exposures” and “Guaranteed Large Exposures” (see Appendix III for definitions).
法国足球国家队5.法国足球国家队4.8 法国足球国家队法国足球国家队 The absolute limit for the sum of all Large Exposures (after excluding CL Large Exposures and Guaranteed Large Exposures) is 800%.
法国足球国家队5.法国足球国家队4.9 法国足球国家队法国足球国家队 LE25s for which no day-to-day approval is required are reported separately, with less detail being required, from other Large Exposures within the prudential return. These comprise:
法国足球国家队5.法国足球国家队4.法国足球国家队9.1 法国足球国家队法国足球国家队法国足球国家队 CL Large Exposures (see 5.4.4); and
法国足球国家队5.法国足球国家队4.法国足球国家队9.2 法国足球国家队法国足球国家队法国足球国家队 “Money Market Concession Exposures” (see Appendix III for definition).
法国足球国家队5.法国足球国家队4.10 法国足球国家队法国足球国家队 The accounting valuation, classification and provisioning of Large Exposures must be conducted on an individual item basis.
法国足球国家队5.法国足球国家队4.11 法国足球国家队法国足球国家队 Where approval is requested for an LE25 that is subject to revaluation due to market fluctuations, including where the facility is either wholly or in part denominated in a currency other than the JIB’s accounting currency, a margin must be added by the JIB to allow for market rate driven fluctuations. The JIB is responsible for deciding the margin, following the rules set out in Appendix II, but if the value of the exposure at any time exceeds the approved amount, this would be considered a breach of both the Banking Code and Article 11 of the General Provisions Order. The JFSC will consider a request for an increase in the approved amount if the exposure approaches the approved amount due to currency fluctuations; such requests must be submitted in sufficient time to avoid breaches.
法国足球国家队5.法国足球国家队4.12 法国足球国家队法国足球国家队 When calculating total exposure to a counterparty for the purpose of determining notifications under the Money Market Concession, a JIB must either:
法国足球国家队5.法国足球国家队4.法国足球国家队12.1 法国足球国家队法国足球国家队法国足球国家队 in the case that it chooses to notify on an “internal limits” basis: use the higher of its actual exposure and its internal limit for that counterparty; otherwise
法国足球国家队5.法国足球国家队4.法国足球国家队12.2 法国足球国家队法国足球国家队法国足球国家队 use its actual exposure.
法国足球国家队5.法国足球国家队4.13 法国足球国家队法国足球国家队 A JIB must immediately inform the JFSC in writing of any material negative variation in an approved LE25, such as:
法国足球国家队5.法国足球国家队4.法国足球国家队13.1 法国足球国家队法国足球国家队法国足球国家队 a lengthening of the repayment schedule;
法国足球国家队5.法国足球国家队4.法国足球国家队13.2 法国足球国家队法国足球国家队法国足球国家队 a provision being raised against any part of the exposure; or
法国足球国家队5.法国足球国家队4.法国足球国家队13.3 法国足球国家队法国足球国家队法国足球国家队 a change in the supporting security.
法国足球国家队5.法国足球国家队4.14 法国足球国家队法国足球国家队 Where such circumstances occur, the JIB must immediately provide the JFSC with written details of the issue and proposals that either provide adequate alternative protection or provide a plan to reduce the exposure within an appropriate timescale. The JFSC will consider such plans and permit continuing exposure where risks are adequately mitigated.
法国足球国家队5.法国足球国家队4.15 法国足球国家队法国足球国家队 Any LE25 that exceeds an approval or occurs where no approval has been granted, must be reported in writing to the JFSC immediately and either a revised or new request submitted. If the LE25 does not meet any of the criteria for approval, the request must be made in accordance with “Appendix III, Section?5 – “Approval of LE25s not meeting the specified criteria”. Meanwhile, the excess (the amount by which the exposure exceeds the approved limit, or, where not approved, 25% of ACR) must be deducted from capital for all regulatory purposes, such as calculating its capital ratios, until a specific alternative treatment has been agreed with the JFSC.
法国足球国家队5.法国足球国家队4.16 法国足球国家队法国足球国家队 Appendix II provides guidance regarding the determination of whether an exposure is a Large Exposure or not. Specifically, it contains definitions of the terms “ACR”, “exposure” and “connected”, in this context.
法国足球国家队General Notifications – Registered Person法国足球国家队
法国足球国家队6.法国足球国家队2.1 法国足球国家队法国足球国家队 been granted registration under the Banking Law; or
法国足球国家队6.法国足球国家队2.2 法国足球国家队法国足球国家队 notified the JFSC under Article 5 of the Financial Services (Money Service Business (Exemptions)) (Jersey) Order 2007.
The registered person must provide all reasonable assistance in connection with any such inspection and shall procure that any such agents or subcontractors also provide all reasonable assistance.
a. ? is material to the JFSC’s ability to undertake its function of supervision of financial services provided in or from within Jersey; or
b. ? the registered person considers is material to, or makes it impractical for it to comply with, one or more of:
法国足球国家队Financial Information and Declaration法国足球国家队
法国足球国家队6.法国足球国家队4.1 法国足球国家队法国足球国家队 Annual audited financial statements within three months of its financial year?end.
法国足球国家队6.法国足球国家队4.2 法国足球国家队法国足球国家队 Annual audited financial statements of the JIB’s ultimate parent and any intermediate parent within four months of the relevant financial year?end.
法国足球国家队6.法国足球国家队4.3 法国足球国家队法国足球国家队 Quarterly prudential returns (see Schedule to the Banking Code) within 20 business days of the reporting date to which it relates. Prudential returns are to be prepared using accounting standards that are based on accounting principles and rules that are widely accepted internationally.
法国足球国家队6.法国足球国家队4.4 法国足球国家队法国足球国家队 The quarterly prudential return that coincides with the JIB’s financial year-end must be certified by the JIB’s external auditor, with a reconciliation statement setting out any differences between the prudential return and the annual financial statements, within three months of the year-end.
法国足球国家队6.法国足球国家队4.5 法国足球国家队法国足球国家队 Where a JIB wishes to include interim profits in Tier 1 capital, the prudential return must be accompanied by an interim audit report from the external auditors.
法国足球国家队6.法国足球国家队4.6 法国足球国家队法国足球国家队 If a JIB pays a dividend from its interim profits, the value of the dividend payment must be deducted from Tier 1 capital, unless the JIB provides to the JFSC an interim audit report from its external auditors on the relevant prudential return.
法国足球国家队6.法国足球国家队5.1 法国足球国家队法国足球国家队 Annual audited financial statements of the OIB within four months of the financial year-end.
法国足球国家队6.法国足球国家队5.2 法国足球国家队法国足球国家队 Annual audited financial statements of the ultimate parent and any intermediate parent of the OIB within four months of its financial year-end.
法国足球国家队6.法国足球国家队5.3 法国足球国家队法国足球国家队 Quarterly prudential returns (see Schedule to the Banking Code) within 20 business days of the reporting date to which it relates. Prudential returns are to be prepared using accounting standards that are based on accounting principles and rules that are widely accepted internationally.
法国足球国家队6.法国足球国家队5.4 法国足球国家队法国足球国家队 A year-end prudential return that has been certified by its “branch auditor”, as appointed in accordance with the General Provisions Order, accompanied by the schedule prepared by the branch auditor of any differences between the prudential return submitted and the records of the Jersey Branch.
法国足球国家队Specific Notifications – 法国足球国家队法国足球国家队JIB法国足球国家队法国足球国家队 and 法国足球国家队法国足球国家队OIB法国足球国家队
法国足球国家队6.法国足球国家队9.1 法国足球国家队法国足球国家队 the presentation of any application to the court for a declaration of désastre;
法国足球国家队6.法国足球国家队9.2 法国足球国家队法国足球国家队 the summary winding up or voluntary dissolution of either a JIB or OIB;
法国足球国家队6.法国足球国家队9.3 法国足球国家队法国足球国家队 the summoning of any meeting to consider a resolution to wind up, or the winding up of, either a JIB or OIB;
法国足球国家队6.法国足球国家队9.4 法国足球国家队法国足球国家队 the application by any person for the commencement of insolvency proceedings or the appointment of a receiver, administrator or provisional liquidator under the law of any jurisdiction; or
法国足球国家队6.法国足球国家队9.5 法国足球国家队法国足球国家队 the making, or any proposals for the making, of a composition or arrangement with creditors.
法国足球国家队Specific Notifications – Registered Person法国足球国家队
法国足球国家队6.法国足球国家队11.1 法国足球国家队法国足球国家队 the name of the registered person;
法国足球国家队6.法国足球国家队11.2 法国足球国家队法国足球国家队 any business name under which the registered person carries on deposit-taking business or money service business;
法国足球国家队6.法国足球国家队11.3 法国足球国家队法国足球国家队 the address of the principal office of the registered person; or
法国足球国家队6.法国足球国家队11.4 法国足球国家队法国足球国家队 any address which is treated as the proper address of the registered person under Article 49(6) of the Banking Law.
法国足球国家队6.法国足球国家队12.1 法国足球国家队法国足球国家队 A decision to voluntarily cease deposit-taking business or money service business, whether temporarily or permanently. A registered person must complete a cessation of business plan (COBP), as prescribed by the JFSC, which must include details of arrangements for the protection of depositors, creditors and other stakeholders. Before implementing a COBP a registered person must obtain written confirmation from the JFSC that it has no objection to it.
法国足球国家队6.法国足球国家队12.2 法国足球国家队法国足球国家队 The imposition of disciplinary measures or sanctions on the registered person or any of their directors, controllers, managers and key persons or in respect of a Jersey Branch, the appointed senior officer, by any supervisory authority, professional body or any investment exchange or clearing house.
法国足球国家队6.法国足球国家队12.3 法国足球国家队法国足球国家队 The conviction of the registered person or any of its directors, controllers, managers, key persons, or any other employees or, in respect of a Jersey Branch, the appointed senior officer for any offence:
法国足球国家队6.法国足球国家队12.法国足球国家队3.1 法国足球国家队法国足球国家队法国足球国家队 under the legislation of any jurisdiction relating to deposit-taking or other financial services (this includes legislation relating to:? banking, building societies, collective investment funds, companies, credit unions, consumer credit, friendly societies, insolvency, insurance, industrial and provident societies and trust companies); or
法国足球国家队6.法国足球国家队12.法国足球国家队3.2 法国足球国家队法国足球国家队法国足球国家队 involving fraud or dishonesty.
法国足球国家队6.法国足球国家队12.4 法国足球国家队法国足球国家队 The imposition of any penalties for deliberate tax evasion on the registered person or any of its directors, controllers, managers, key persons, or any other employees or, in respect of a Jersey Branch, the appointed senior officer.
法国足球国家队6.法国足球国家队12.5 法国足球国家队法国足球国家队 The granting, withdrawal or refusal of any application for authorisation to carry on any regulated financial services business in any jurisdiction outside Jersey, or the revocation of such authorisation.
法国足球国家队6.法国足球国家队12.6 法国足球国家队法国足球国家队 The granting, withdrawal or refusal of an application for membership of any investment exchange or clearing house, or the revocation of such a membership.
法国足球国家队6.法国足球国家队12.7 法国足球国家队法国足球国家队 The withdrawal of an application for membership of any professional or trade body by the registered person, a director, controller, manager or key person and, in respect of a Jersey Branch, the appointed senior officer, in any jurisdiction, or refusal or revocation of such a membership.
法国足球国家队6.法国足球国家队12.8 法国足球国家队法国足球国家队 The appointment of investigating inspectors (howsoever named) by a statutory or other relevant supervisory authority to investigate the affairs of the registered person.
法国足球国家队6.法国足球国家队12.9 法国足球国家队法国足球国家队 Any litigation following the institution of proceedings before a Court of Law, where any amount claimed or disputed is likely to exceed ?250,000 sterling or its equivalent in another currency, other than the realisation of security in the normal course of business, which:
法国足球国家队6.法国足球国家队12.法国足球国家队9.1 法国足球国家队法国足球国家队法国足球国家队 is instigated by the registered person or any subsidiary of the registered person;
法国足球国家队6.法国足球国家队12.法国足球国家队9.2 法国足球国家队法国足球国家队法国足球国家队 is instigated against the registered person; or
法国足球国家队6.法国足球国家队12.法国足球国家队9.3 法国足球国家队法国足球国家队法国足球国家队 involves the registered person as a cited party.
法国足球国家队6.法国足球国家队12.10 法国足球国家队法国足球国家队Any suspicious activities or incidents of fraud, whether internal or external, that are material to the safety, soundness or reputation of the registered person.
法国足球国家队6.法国足球国家队12.11 法国足球国家队法国足球国家队The formation, disposal or dissolution of a subsidiary company or acquisition of a holding of more than half in nominal value of the share capital of a company, specifying the name of the company and its principal business, where the action will not have a material effect (see note 1(b) to 6.10).
法国足球国家队6.法国足球国家队12.12 法国足球国家队法国足球国家队Any material changes, other than those specifically referred to in the Banking Code, in the information originally submitted for any:
法国足球国家队6.法国足球国家队12.法国足球国家队12.1 法国足球国家队法国足球国家队法国足球国家队 subsidiaries owned by the registered person;
法国足球国家队6.法国足球国家队12.法国足球国家队12.2 法国足球国家队法国足球国家队法国足球国家队 overseas operations through which the registered person carries on regulated business, whether this is done through a branch, subsidiary, representative office or otherwise; and
法国足球国家队6.法国足球国家队12.法国足球国家队12.3 法国足球国家队法国足球国家队法国足球国家队 deposit-taking business or money service business to be carried on outside Jersey, indicating whether this is to be done through a branch office, a subsidiary or otherwise.
法国足球国家队Specific Notifications – 法国足球国家队法国足球国家队JIB法国足球国家队
法国足球国家队6.法国足球国家队13.1 法国足球国家队法国足球国家队 Any instrument or transaction entered into, or situation arising, that might give a misleading impression of capital adequacy;
法国足球国家队6.法国足球国家队13.2 法国足球国家队法国足球国家队 A breach of any minimum established in respect of any capital ratio (Common Equity Tier 1 capital ratio, Tier 1 capital ratio or Total capital ratio);
法国足球国家队6.法国足球国家队13.3 法国足球国家队法国足球国家队 Any capital ratio falling below any agreed buffer level; or
法国足球国家队6.法国足球国家队13.4 法国足球国家队法国足球国家队 Its LCR or LMR, as applicable, falling below 100% or any other level agreed.
法国足球国家队6.法国足球国家队15.1 法国足球国家队法国足球国家队 where an opinion has been obtained on accounting for any aspect of the change this should be provided to the JFSC as part of the notification; and
法国足球国家队6.法国足球国家队15.2 法国足球国家队法国足球国家队 the revised capital structure must not take effect until the JFSC has provided the JIB with a letter of no objection in relation to the proposed structure.?
a. ? “a reasonable time” to be five business days; and
b. ? that “ becoming aware” applies from the point at which the registered person knows, or has reasonable grounds for believing, that any of the matters stated has occurred or may be about to occur, even where it is outside of the control of the registered person.
法国足球国家队Notifications arising in other parts of the Banking Code法国足球国家队
法国足球国家队6.法国足球国家队16.1 法国足球国家队法国足球国家队 paragraph 法国足球国家队3.1.6 requires notification as soon as the registered person becomes aware that the requirements set out in 3.1.1 and 3.1.5 in relation to there being an inadequate number of directors and managers;
法国足球国家队6.法国足球国家队16.2 法国足球国家队法国足球国家队 paragraph 18.104.22.168 requires notification if a Compliance Officer is temporarily unable to fulfil his/her responsibilities;
法国足球国家队6.法国足球国家队16.3 法国足球国家队法国足球国家队 paragraph 3.6.2 sets notifications in respect of customer complaints;
法国足球国家队6.法国足球国家队16.4 法国足球国家队法国足球国家队 paragraph 5.2.8 requires notification by a JIB and approval by the JFSC of all changes in methodologies used for the calculation of capital requirements for credit, operational and market risk; and
法国足球国家队6.法国足球国家队16.5 法国足球国家队法国足球国家队 paragraphs 4.2 and 5.2of the Schedule require registered persons to report in accordance with the relevant reporting guide, which in turn ?requires notification where the registered person foresees a delay that will result in the late submission of a prudential return.
法国足球国家队Notifying or providing information via the JFSC’s online portal法国足球国家队
法国足球国家队7.法国足球国家队3.1 法国足球国家队法国足球国家队 a statement, promise or forecast which is untrue or misleading;
法国足球国家队7.法国足球国家队3.2 法国足球国家队法国足球国家队 a statement of fact that a registered person does not, at the time the advertisement is issued, have reasonable grounds, supported by documentary evidence, for believing to be true;
法国足球国家队7.法国足球国家队3.3 法国足球国家队法国足球国家队 a statement of opinion by any person which the registered person does not, at the time the advertisement is issued, have reasonable grounds, supported by documentary evidence, for believing to be the honestly held opinion of that person at that time;
法国足球国家队7.法国足球国家队3.4 法国足球国家队法国足球国家队 a statement of fact which the registered person does not, at the time the advertisement is issued, have reasonable grounds for believing will continue to be true for so long as the advertisement continues to be issued in current publications;
法国足球国家队7.法国足球国家队3.5 法国足球国家队法国足球国家队 a misleading statement about the scale of activities of, or any of the activities of, or the resources of or available to, the registered person or its group or associated bodies;
法国足球国家队7.法国足球国家队3.6 法国足球国家队法国足球国家队 a statement relating to taxation benefits unless it is properly qualified to show what it means in practice and to whom such benefits may apply;
法国足球国家队7.法国足球国家队3.7 法国足球国家队法国足球国家队 a statement relating to confidentiality unless it is properly qualified to show the limits of any confidentiality assurance made;
法国足球国家队7.法国足球国家队3.8 法国足球国家队法国足球国家队 a comparison with other entities carrying out deposit-taking business unless the basis of comparison is clearly stated and the comparison is fair; or
法国足球国家队7.法国足球国家队3.9 法国足球国家队法国足球国家队 a statement implying that the product or service involved is only available for a limited period or in limited form, if such is not the case.
法国足球国家队7.法国足球国家队4.1 法国足球国家队法国足球国家队 be so designed as to be likely to be misunderstood;
法国足球国家队7.法国足球国家队4.2 法国足球国家队法国足球国家队 be so designed as to disguise the significance of any warning, statement or information, that is required to be included under the Banking Code;
法国足球国家队7.法国足球国家队4.3 法国足球国家队法国足球国家队 be presented in such a way that it is not clearly identifiable as an advertisement; or
法国足球国家队7.法国足球国家队4.4 法国足球国家队法国足球国家队 signify in any way that the advertisement has been approved by the JFSC.
法国足球国家队7.法国足球国家队5.1 法国足球国家队法国足球国家队 where the person is an employee or associate of the registered person, that fact is disclosed in the advertisement;
法国足球国家队7.法国足球国家队5.2 法国足球国家队法国足球国家队 the quotation is included with that person’s written consent;
法国足球国家队7.法国足球国家队5.3 法国足球国家队法国足球国家队 the statement is relevant to the product or service that is the subject of the advertisement;
法国足球国家队7.法国足球国家队5.4 法国足球国家队法国足球国家队 where the whole of the statement is not quoted, what is quoted represents fairly the message contained in the whole of the statement; and
法国足球国家队7.法国足球国家队5.5 法国足球国家队法国足球国家队 the statement has not become inaccurate or misleading, through the passage of time, since it was made.
法国足球国家队7.法国足球国家队9.1 法国足球国家队法国足球国家队 state that the issuer is covered by the Jersey Depositor Compensation Scheme (DCS);
法国足球国家队7.法国足球国家队9.2 法国足球国家队法国足球国家队 provide key details of the Jersey DCS; and
法国足球国家队7.法国足球国家队9.3 法国足球国家队法国足球国家队 refer depositors to a source that provides full details of the Jersey DCS, if the advertisement does not contain these.
法国足球国家队7.法国足球国家队11.1 法国足球国家队法国足球国家队 “[Bank X] is a participant in the Jersey Bank Depositors Compensation Scheme. The Scheme offers protection for eligible deposits of up to ?50,000. The maximum total amount of compensation is capped at ?100,000,000 in any 5 year period. Full details of the Scheme and banking groups covered are available on the States of Jersey website www.gov.je/dcs, or on request”.
法国足球国家队Guidelines for Corporate Governance and 法国足球国家队法国足球国家队Risk Management法国足球国家队
Adequate risk management involves having processes, structures, resources, information systems and reporting arrangements in place to ensure the adequate identification, evaluation, control, recording and reporting of all significant risks that a registered person incurs. This should i both the consolidated position and individual entities, where applicable.
This appendix is not intended to provide an exhaustive list of the controls needed but instead identifies what the JFSC considers to be minimum control requirements for a number of key risks that are common to many registered persons. Certain of the controls referred to relate to a number of the risks identified but have not been repeated under every relevant heading.
The Basel Committee has issued a wide range of papers that provide guidance on risk management in various banking functions. As a guide, reference is made under a number of risk headings to the key relevant document.
A registered person may adopt other measures to those set out here, including policies and procedures established by group, so long as it can demonstrate that such measures are appropriate to its business activities and achieve compliance with the overriding regulatory requirement to maintain adequate risk management systems.
法国足球国家队1法国足球国家队 法国足球国家队Corporate Governance法国足球国家队
(Basel paper: “Principles for enhancing corporate governance”, October 2010)
法国足球国家队1.1 法国足球国家队 The Basel paper sets out best practices for banking organisations. Key areas of particular focus include:
法国足球国家队1.法国足球国家队1.1 法国足球国家队法国足球国家队 the role of the board;
法国足球国家队1.法国足球国家队1.2 法国足球国家队法国足球国家队 the qualifications and composition of the board;
法国足球国家队1.法国足球国家队1.3 法国足球国家队法国足球国家队 the importance of an independent risk management function, including a chief risk officer or equivalent;
法国足球国家队1.法国足球国家队1.4 法国足球国家队法国足球国家队 the importance of monitoring risks on an on-going firm-wide and individual entity basis;
法国足球国家队1.法国足球国家队1.5 法国足球国家队法国足球国家队 the board's oversight of the compensation systems; and
法国足球国家队1.法国足球国家队1.6 法国足球国家队法国足球国家队 the board and senior management's understanding of the registered person’s operational structure and risks.
法国足球国家队1.2 法国足球国家队 Whilst only directly appropriate for UK listed firms, the UK Corporate Governance Code is considered to present an example of good practice in the relevant areas of corporate governance that it addresses. Registered persons should consider such guidance, whilst recognising that, for smaller firms and those not associated with the UK in particular, it may not be wholly appropriate in parts.
法国足球国家队2法国足球国家队 法国足球国家队Credit risk法国足球国家队
(Basel paper: “Principles for the Management of Credit Risk”, September 2000)
法国足球国家队2.1 法国足球国家队 A sound and well documented credit granting and investment process which, inter alia, ensures that officers make credit decisions free of conflicting interests, on an arm’s length basis, and free from inappropriate pressure from outside parties. All officers involved should have appropriate authority levels advised to them, and acknowledged, in writing.
法国足球国家队2.2 法国足球国家队 The maintenance of appropriate credit administration, monitoring, reporting and asset grading processes which enable credit risk to be measured in all on- and off-balance sheet facilities provided, including stress testing exposures.
法国足球国家队2.3 法国足球国家队 Clearly documented and readily available policies covering all relevant aspects of the lending environment, which should include but are not necessarily limited to:
法国足球国家队2.法国足球国家队3.1 法国足球国家队法国足球国家队 lending to employees, parties connected to them and other related parties;
法国足球国家队2.法国足球国家队3.2 法国足球国家队法国足球国家队 term commitments, such as maximum repayment periods for different types of lending and preferred covenanting arrangements;
法国足球国家队2.法国足球国家队3.3 法国足球国家队法国足球国家队 sectors for which the registered person has limited or no appetite;
法国足球国家队2.法国足球国家队3.4 法国足球国家队法国足球国家队 pricing;
法国足球国家队2.法国足球国家队3.5 法国足球国家队法国足球国家队 country limits;
法国足球国家队2.法国足球国家队3.6 法国足球国家队法国足球国家队 personal banking lending criteria, such as maximum salary multiples and loan to value ratios;
法国足球国家队2.法国足球国家队3.7 法国足球国家队法国足球国家队 customer aggregation;
法国足球国家队2.法国足球国家队3.8 法国足球国家队法国足球国家队 lending reviews;
法国足球国家队2.法国足球国家队3.9 法国足球国家队法国足球国家队 collateral valuations; and
法国足球国家队2.法国足球国家队3.10 法国足球国家队法国足球国家队 identification and monitoring of portfolio concentrations, including the reporting of material concentrations to the board on a regular basis.
法国足球国家队2.4 法国足球国家队 A policy to deal with problematic credits. As a minimum, such a policy should require:
法国足球国家队2.法国足球国家队4.1 法国足球国家队法国足球国家队 a system for early remedial action on deteriorating credits;
法国足球国家队2.法国足球国家队4.2 法国足球国家队法国足球国家队 a system for classifying loans into discrete categories when payments are contractually a minimum number of days in arrears;
法国足球国家队2.法国足球国家队4.3 法国足球国家队法国足球国家队 loans to be treated as impaired when there is reason to believe that principal or interest will not be collected in accordance with the contractual terms of the loan agreement; and
法国足球国家队2.法国足球国家队4.4 法国足球国家队法国足球国家队 appropriate provisioning policies.
法国足球国家队2.5 法国足球国家队 Policies and procedures to deal with related parties. As a minimum, such policies and procedures should include the following provisions:
法国足球国家队2.法国足球国家队5.1 法国足球国家队法国足球国家队 transactions with related parties and the write-off of such exposures exceeding specified amounts or otherwise posing unique risks are subject to prior approval at an appropriately senior level;
法国足球国家队7.法国足球国家队15.1 法国足球国家队法国足球国家队 senior managers and/or directors with conflicts of interest should be excluded from the approval process;
法国足球国家队2.法国足球国家队5.2 法国足球国家队法国足球国家队 adequate and appropriate assessment of the terms under which the transaction is to be granted when lending to related parties, including whether or not proposed terms are inappropriately favourable;
法国足球国家队2.法国足球国家队5.3 法国足球国家队法国足球国家队 the identification of individual exposures to related parties, and the monitoring and reporting of these exposures through an independent credit review process; and
法国足球国家队2.法国足球国家队5.4 法国足球国家队法国足球国家队 the reporting of all related party exposures, in aggregate, to the JFSC through the quarterly prudential return.
法国足球国家队3法国足球国家队 法国足球国家队Country and transfer risk法国足球国家队
法国足球国家队3.1 法国足球国家队 The identification and monitoring of exposures on an individual country basis (in addition to counterparty risk).
法国足球国家队3.2 法国足球国家队 The setting, communicating and monitoring of adherence to individual country limits.
法国足球国家队3.3 法国足球国家队 A policy to monitor and evaluate developments in country risk and transfer risk and apply appropriate countermeasures.
法国足球国家队4法国足球国家队 法国足球国家队Market risk法国足球国家队
(Basel paper: “Principles for the Management and Supervision of Interest Rate Risk”, July 2004. See also “The JFSC’s rules relating to Trading Books” Guidance Note issued by the JFSC in February?2008, and the Market Risk Reporting Guide).
法国足球国家队4.1 法国足球国家队 Appropriate limits for all significant risks incurred and regular reviews of these.
法国足球国家队4.2 法国足球国家队 Controls in place to ensure that all transactions are captured on a timely basis and that positions are re-valued on an appropriately regular basis, using reliable and appropriate market data (or in the absence of market prices the use of industry accepted models).
法国足球国家队4.3 法国足球国家队 Policies and processes in place to consider valuation adjustments for positions that cannot otherwise be prudently valued, including concentrated, less liquid and stale positions.
法国足球国家队4.4 法国足球国家队 Performance of scenario analysis, stress testing and contingency planning, as appropriate, and periodic validation of measurement systems used.
法国足球国家队4.5 法国足球国家队 Registered persons that have trading books should consider the guidance provided in the Trading Book Guidance Note.
法国足球国家队4.6 法国足球国家队 JIBs must hold capital (see Trading Book Guidance Note and Market Risk Reporting Guide) in respect of:
法国足球国家队4.法国足球国家队6.1 法国足球国家队法国足球国家队 Foreign Exchange Risk;
法国足球国家队4.法国足球国家队6.2 法国足球国家队法国足球国家队 Commodities Risk; and
法国足球国家队4.法国足球国家队6.3 法国足球国家队法国足球国家队 Interest Rate Risk and Equity Risk (Trading Book only).
法国足球国家队4.7 法国足球国家队 A JIB must also assess the amount of the capital required for all risks, including Market Risk, and document this assessment in its ICAAP.
法国足球国家队5法国足球国家队 法国足球国家队Operational risk法国足球国家队
(Basel paper: “Sound Practices for the Management and Supervision of Operational Risk”, February?2003)
法国足球国家队5.1 法国足球国家队 Operational risk is defined as the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events. This definition includes legal risk but excludes strategic and reputational risk.
法国足球国家队5.2 法国足球国家队 Appropriate policies, processes and procedures for managing operational risk in all material products, activities, processes and systems. These include but are not limited to:
法国足球国家队5.法国足球国家队2.1 法国足球国家队法国足球国家队 execution and delivery;
法国足球国家队5.法国足球国家队2.2 法国足球国家队法国足球国家队 documentary and legal risk;
法国足球国家队5.法国足球国家队2.3 法国足球国家队法国足球国家队 process management;
法国足球国家队5.法国足球国家队2.4 法国足球国家队法国足球国家队 systems failure;
法国足球国家队5.法国足球国家队2.5 法国足球国家队法国足球国家队 internal and external fraud;
法国足球国家队5.法国足球国家队2.6 法国足球国家队法国足球国家队 employment practices and workplace safety;
法国足球国家队5.法国足球国家队2.7 法国足球国家队法国足球国家队 handling of customer information;
法国足球国家队5.法国足球国家队2.8 法国足球国家队法国足球国家队 improper activities; and
法国足球国家队5.法国足球国家队2.9 法国足球国家队法国足球国家队 physical damage.
法国足球国家队5.3 法国足球国家队 Clearly defined employee duties that include sufficient separation of position taking and control functions to avoid conflicts of interest.
法国足球国家队5.4 法国足球国家队 Adequate assessment of risk relating to new products prior to launch.
法国足球国家队5.5 法国足球国家队 Regular review of operational risk profiles and material exposures to losses, with pertinent information regularly reported to board or equivalent level, in an environment that supports proactive management of operational risk.
法国足球国家队5.6 法国足球国家队 Business continuity plans to ensure the capability to operate on an on-going basis and limit losses to acceptable levels in the event of severe business disruption.
法国足球国家队6法国足球国家队 法国足球国家队Interest rate risk法国足球国家队
(Basel paper: “Principles for the Management and Supervision of Interest Rate Risk”, July 2004)
法国足球国家队6.1 法国足球国家队 Established standards for valuing positions and measuring risk.
法国足球国家队6.2 法国足球国家队 The establishment of, and adherence to, operating limits that maintain exposures within levels consistent with agreed internal policy.
法国足球国家队6.3 法国足球国家队 On-going assessment of the effects of interest rate changes in a manner consistent with the scope of activities undertaken.
法国足球国家队6.4 法国足球国家队 Regular review of limits and underlying assumptions, including independent reviews and appropriate stress testing.
法国足球国家队7法国足球国家队 法国足球国家队Liquidity risk法国足球国家队
(Basel paper: “Principles for Sound Liquidity Risk Management and Supervision, September 2008).
法国足球国家队7.1 法国足球国家队 The establishment of a robust liquidity risk management framework.
法国足球国家队7.2 法国足球国家队 The clear articulation of liquidity risk tolerance.
法国足球国家队7.3 法国足球国家队 The development of a strategy, policies and practices to manage liquidity risk in accordance with the bank’s registered person’s risk tolerance.
法国足球国家队7.4 法国足球国家队 The incorporation of liquidity costs, benefits and risks in the internal pricing, performance measurement and new product approval process for all significant business activities.
法国足球国家队7.5 法国足球国家队 The development of a sound process for identifying, measuring, monitoring and controlling liquidity risk. This process should include a robust framework for comprehensively projecting cash flows arising from assets, liabilities and off-balance sheet items over an appropriate set of time horizons.
法国足球国家队7.6 法国足球国家队 Active monitoring and control of liquidity risk exposures and funding needs within and across legal entities, business lines and currencies.
法国足球国家队7.7 法国足球国家队 The establishment of a funding strategy that provides effective diversification in the sources and tenor of funding.
法国足球国家队7.8 法国足球国家队 Active management of its intraday liquidity positions and risks.
法国足球国家队7.9 法国足球国家队 Active management of its collateral positions, differentiating between encumbered and unencumbered assets.
法国足球国家队7.10 法国足球国家队 The conduct of stress tests on a regular basis for a variety of short-term and protracted institution-specific and market-wide stress scenarios.
法国足球国家队7.11 法国足球国家队 The development and maintenance of a formal liquidity contingency plan that clearly sets out the strategies for addressing liquidity shortfalls in emergency situations.
法国足球国家队7.12 法国足球国家队 The maintenance of a cushion of unencumbered, high quality liquid assets to be held as insurance against a range of liquidity stress scenarios, including those that involve the loss or impairment of unsecured and typically available secured funding sources.
法国足球国家队8法国足球国家队 法国足球国家队Customer due diligence法国足球国家队
(Basel paper “Customer Due Diligence for Banks”, October 2001)
法国足球国家队8.1 法国足球国家队 Customer due diligence is most closely associated with the fight against money laundering, which is addressed by the Proceeds of Crime (Jersey) Law 1999, the Money Laundering Order and the relevant AML/CFT Handbook. However, sound customer due diligence is also critical in protecting the safety and soundness of registered persons and the integrity of banking systems from reputational, operational, legal and concentration risks. Effective risk management therefore requires sound customer due diligence policies and procedures, including:
法国足球国家队8.法国足球国家队1.1 法国足球国家队法国足球国家队 a formal customer acceptance policy that includes a description of the types of customer that are likely to pose a higher than average risk to the registered person;
法国足球国家队8.法国足球国家队1.2 法国足球国家队法国足球国家队 a systematic procedure for identifying new customers that does not permit the establishment of a banking relationship until the identity of the new customer is satisfactorily verified; and
法国足球国家队8.法国足球国家队1.3 法国足球国家队法国足球国家队 an adequate understanding of the customer to enable an assessment of the appropriateness of required services or products. This is particularly relevant to lending activities.
法国足球国家队9法国足球国家队 法国足球国家队Stress Testing法国足球国家队
(Basel paper “Principles for sound stress testing practices and supervision”, May 2009)
法国足球国家队9.1 法国足球国家队 Stress testing should form an integral part of the overall governance and risk management culture of the registered person. Stress testing should be actionable, with the results from stress testing analyses impacting decision making at the appropriate management level.
法国足球国家队9.2 法国足球国家队 The operation of a stress testing programme that:
法国足球国家队9.法国足球国家队2.1 法国足球国家队法国足球国家队 promotes risk identification and control;
法国足球国家队9.法国足球国家队2.2 法国足球国家队法国足球国家队 provides a complementary risk perspective to other risk management tools;
法国足球国家队9.法国足球国家队2.3 法国足球国家队法国足球国家队 improves capital and liquidity management; and
法国足球国家队9.法国足球国家队2.4 法国足球国家队法国足球国家队 enhances internal and external communication in respect of risk management.
法国足球国家队9.3 法国足球国家队 Stress testing programmes should take account of views from across the organisation and should cover a range of perspectives and techniques.
法国足球国家队9.4 法国足球国家队 The development and maintenance of written policies and procedures governing the stress testing programme. The operation of the programme should be appropriately documented.
法国足球国家队9.5 法国足球国家队 Stress tests should feature a range of severities whether through size of loss or through loss of reputation. A stress testing programme should also determine what scenarios could challenge the viability of the registered person (reverse stress tests) and thereby uncover hidden risks and interactions among risks.
法国足球国家队9.6 法国足球国家队 As part of an overall stress testing programme, a registered person should aim to take account of simultaneous pressures in funding and asset markets, and the impact of a reduction in market liquidity on exposure valuations.
法国足球国家队Large Exposures: Definitions法国足球国家队
法国足球国家队1法国足球国家队 法国足球国家队Determining the ACR of a 法国足球国家队法国足球国家队JIB法国足球国家队
法国足球国家队1.1 法国足球国家队 At a prudential reporting date, the ACR will equate to the JIB’s Tier 1 Capital, calculated in accordance with prudential reporting guidance.
法国足球国家队1.2 法国足球国家队 In between prudential reporting dates, the ACR equates to the JIB’s Tier 1 Capital, as calculated at the latest prudential reporting date, after adjusting for any:
法国足球国家队1.法国足球国家队2.1 法国足球国家队法国足球国家队 Direct impact of exchange rates on capital since the latest prudential return date;
法国足球国家队1.法国足球国家队2.2 法国足球国家队法国足球国家队 Increase in year-to-date losses incurred;
法国足球国家队1.法国足球国家队2.3 法国足球国家队法国足球国家队 Repayment of Tier 1 capital;
法国足球国家队1.法国足球国家队2.4 法国足球国家队法国足球国家队 Payment of dividends;
法国足球国家队1.法国足球国家队2.5 法国足球国家队法国足球国家队 profits made, but only providing auditor certification has been received by the JIB in this respect and provided to the JFSC or, in the case of the year-end, where the accounts have been submitted to the JFSC; and
法国足球国家队1.法国足球国家队2.6 法国足球国家队法国足球国家队 New Tier 1 capital raised, providing the JFSC has been notified of the details.
法国足球国家队2法国足球国家队 法国足球国家队Determining the exposure法国足球国家队
法国足球国家队2.1 法国足球国家队 An exposure is the maximum gross loss (that is, before allowing for any form of security held) a JIB might suffer if a counterparty or a group of connected counterparties fails to meet its obligations, or the maximum loss that might be experienced as a result of the JIB realising assets or off-balance sheet positions. The following three paragraphs describe the main classes of exposure; if a JIB is in any doubt regarding whether an exposure should be counted for this purpose, it should contact the JFSC.
法国足球国家队2.2 法国足球国家队 “Exposure” is all claims on a counterparty or group of connected counterparties and includes both actual claims and potential claims which would arise from the drawing down in full of undrawn advised facilities (whether revocable or irrevocable, conditional or unconditional) which the JIB has agreed to provide, and claims which the JIB has agreed to purchase or underwrite.
Note:The following should not be included:
法国足球国家队2.3 法国足球国家队 “Exposure” also is assets, and assets which the JIB has committed itself to purchase or underwrite, whose value depends wholly or mainly on a counterparty performing its obligations, or whose value otherwise depends on that counterparty’s financial soundness but which do not represent a claim on the counterparty.
法国足球国家队2.4 法国足球国家队 The calculation of the exposure must include accrued interest.
法国足球国家队2.5 法国足球国家队 Where an exposure may fluctuate due to market movements, the value of the exposure, for this purpose, must be estimated as being the highest exposure that could arise, at a 99.9% confidence interval. This will depend on the volatility of the exposures, the limits agreed with the counterparty, the frequency of monitoring and the actions available in the event that a limit is reached.
法国足球国家队2.6 法国足球国家队 The volatility of the exposure at the 99.9% confidence interval must be calculated based on at least 500 calendar days of past data. The use of volatility data provided by group may be appropriate, provided that such data is regularly updated.
法国足球国家队2.7 法国足球国家队 As an alternative, the additional exposure may be calculated to be:
法国足球国家队2.法国足球国家队7.1 法国足球国家队法国足球国家队 foreign exchange (major currencies - Sterling, US Dollars, Euro, Swiss franc and/or Yen): 10%;
法国足球国家队2.法国足球国家队7.2 法国足球国家队法国足球国家队 foreign exchange (other): 20%;
法国足球国家队2.法国足球国家队7.3 法国足球国家队法国足球国家队 AA- or higher rated government bonds: 5%;
法国足球国家队2.法国足球国家队7.4 法国足球国家队法国足球国家队 other investment grade bonds: 10%; and/or
法国足球国家队2.法国足球国家队7.5 法国足球国家队法国足球国家队 listed securities: 25%.
法国足球国家队2.8 法国足球国家队 Different methods may be applied to individual types of Large Exposure but only where a clear and acceptable rationale is offered, such as materiality or type of risk, that warrants the specific treatment proposed. This must be specified by the JIB when it seeks model approval and any proposed changes must be notified in advance to the JFSC.
法国足球国家队3法国足球国家队 法国足球国家队Determining connection法国足球国家队
法国足球国家队3.1 法国足球国家队 The term “connected counterparties” relates to counterparties that together may pose a single risk to the JIB.
法国足球国家队3.2 法国足球国家队 Counterparties must be considered to be connected where either:
法国足球国家队3.法国足球国家队2.1 法国足球国家队法国足球国家队 two or more counterparties are under common control, whether direct or indirect; or
法国足球国家队3.法国足球国家队2.2 法国足球国家队法国足球国家队 there exists a relationship of economic dependence between counterparties, including where two or more customers are economically dependent on a single third party.
法国足球国家队3.3 法国足球国家队 In respect of the latter, if it is likely that financial problems of one customer would cause repayment difficulties for the other(s), then they are connected for this purpose. An economic dependence may be mutual or only one way. Borderline cases should be referred to the JFSC.
法国足球国家队3.4 法国足球国家队 The following are examples where, ordinarily, customers would be considered to be connected:
法国足球国家队3.法国足球国家队4.1 法国足球国家队法国足球国家队 persons linked by close family tie;
法国足球国家队3.法国足球国家队4.2 法国足球国家队法国足球国家队 companies linked through common ownership or sharing common management;
法国足球国家队3.法国足球国家队4.3 法国足球国家队法国足球国家队 persons linked by common endeavour;
法国足球国家队3.法国足球国家队4.4 法国足球国家队法国足球国家队 persons linked by a common function (such as marketing); or
法国足球国家队3.法国足球国家队4.5 法国足球国家队法国足球国家队 exposures where the principal risk exposure is to the underlying collateral, including all non-recourse lending, where the collateral is connected or common.
法国足球国家队3.5 法国足球国家队 Companies under common ownership could “stand alone” from the relevant owner (and therefore be excluded in calculating the total connected exposure to the owner for Large Exposure purposes) but this would be unusual. A potential example might be a company owned via a state run pension fund where the fund is run independently of government and on a commercial basis. JIBs are likely to be considered to be economically dependent on large shareholders even if there is little or no evidence of control.
法国足球国家队3.6 法国足球国家队 Where an LE25 is in respect of related parties (i.e. parties connected to the JIB), the JFSC may require that such lending be deducted from capital for regulatory capital purposes or require collateralisation of the lending, unless the counterparty is a group bank for which a Concession Limit has been agreed (see 法国足球国家队Appendix III法国足球国家队).
法国足球国家队3.7 法国足球国家队 A JIB may use a risk-based approach to considering whether exposures are connected, provided that all material exposures are specifically assessed in that respect.
法国足球国家队Approval criteria for LE25s法国足球国家队
法国足球国家队1法国足球国家队 法国足球国家队Money Market Concession法国足球国家队
法国足球国家队1.1 法国足球国家队 法国足球国家队General法国足球国家队
法国足球国家队1.法国足球国家队1.1 法国足球国家队法国足球国家队 LE25s in respect of money market exposures to low risk bank or sovereign counterparties do not require the JFSC’s approval, subject to the conditions set out below. Such exposures are excluded when calculating adherence to the 300% notification and 800% hard limits for total LEs.
法国足球国家队1.法国足球国家队1.2 法国足球国家队法国足球国家队 Similarly, unforeseen customer driven LE25s on correspondent bank accounts do not require the JFSC’s approval, subject to the conditions set out below, and are excluded when calculating adherence to the 300% and 800% limits.
法国足球国家队1.法国足球国家队1.3 法国足球国家队法国足球国家队 Together, these concessions are described as the 法国足球国家队Money Market Concession 法国足球国家队and all such exposures are referred to as 法国足球国家队Money Market Concession Exposures法国足球国家队.
法国足球国家队1.法国足球国家队1.4 法国足球国家队法国足球国家队 Where exposure to an eligible counterparty is a mix of money market and non-money market exposures:
法国足球国家队1.法国足球国家队1.法国足球国家队4.1 法国足球国家队法国足球国家队法国足球国家队 ? the non-money market exposure to a counterparty requires approval if it exceeds 25% of capital; and
法国足球国家队1.法国足球国家队1.法国足球国家队4.2 法国足球国家队法国足球国家队法国足球国家队 ? the Money Market Concession rules apply to the total exposure.
法国足球国家队1.2 法国足球国家队 法国足球国家队Conditions relating to low risk bank or sovereign 法国足球国家队法国足球国家队money market 法国足球国家队法国足球国家队exposures:法国足球国家队
法国足球国家队1.法国足球国家队2.1 法国足球国家队法国足球国家队 For the application of this concession, exposures must be to a low risk bank or sovereign (see 1.2.2), under ?50 million and less than 100% of ACR, i.e.
法国足球国家队1.法国足球国家队2.法国足球国家队1.1 法国足球国家队法国足球国家队法国足球国家队 ? if the JIB’s ACR is less than ?50 million: exposures are pre-approved up to 100% of ACR; and
法国足球国家队1.法国足球国家队2.法国足球国家队1.2 法国足球国家队法国足球国家队法国足球国家队 ? if the JIB’s ACR is ?50 million or more: exposures are pre-approved up to ?50 million.
法国足球国家队1.法国足球国家队2.2 法国足球国家队法国足球国家队 For the purpose of this concession, “low risk” banks and sovereign exposures are defined as direct exposures to high quality counterparties meeting the following criteria:
法国足球国家队1.法国足球国家队2.法国足球国家队2.1 法国足球国家队法国足球国家队法国足球国家队 ? all investment grade, high-income OECD (法国足球国家队HI-OECD法国足球国家队, as defined by the OECD) sovereigns;
法国足球国家队1.法国足球国家队2.法国足球国家队2.2 法国足球国家队法国足球国家队法国足球国家队 ? all investment grade, non-HI-OECD sovereigns where the exposure is denominated in the currency of the relevant country;
法国足球国家队1.法国足球国家队2.法国足球国家队2.3 法国足球国家队法国足球国家队法国足球国家队 ? AA- or higher rated non-HI-OECD sovereigns where the exposure is not denominated in local currency;
法国足球国家队1.法国足球国家队2.法国足球国家队2.4 法国足球国家队法国足球国家队法国足球国家队 ? all investment grade or unrated banks, provided the maturity was under three months at origination; or
法国足球国家队1.法国足球国家队2.法国足球国家队2.5 法国足球国家队法国足球国家队法国足球国家队 ? AA- or higher rated banks, provided that the maturity is under one year, on a residual basis.
法国足球国家队1.法国足球国家队2.3 法国足球国家队法国足球国家队 All deals or changes in internal limits relating to such exposures that result in an LE25 that is eligible for the concession must be notified to the JFSC within five business days, using the Form: “Notification in respect of the Money Market Concession”, which is published on the JFSC’s website.
法国足球国家队1.法国足球国家队2.4 法国足球国家队法国足球国家队 “Money market exposures” for these purposes are limited to cash deposit placements and holdings of debt securities. In the case of the latter, the rate of interest must be fixed or linked to a money market rate of interest such as LIBOR, and the exposure must not be subordinated or form part of the issuer’s regulatory capital.
法国足球国家队1.法国足球国家队2.5 法国足球国家队法国足球国家队 Any non-money market exposure to the counterparty would require approval if it constituted an LE25 (excluding the money market element). The aggregate of the money market and non-money market exposure must be lower than the limit for this concession, as set out in 1.2.1.
法国足球国家队1.3 法国足球国家队 Unforeseen customer driven transactions on correspondent bank accounts
法国足球国家队1.法国足球国家队3.1 法国足球国家队法国足球国家队 LE25s that are the result of unforeseen customer activity on correspondent bank accounts may be excluded provided that:
法国足球国家队1.法国足球国家队3.法国足球国家队1.1 法国足球国家队法国足球国家队法国足球国家队 ? all excesses are notified to the JFSC immediately, using the Form: “Notification in respect of the Money Market Concession”, which is published on the JFSC’s website;
法国足球国家队1.法国足球国家队3.法国足球国家队1.2 法国足球国家队法国足球国家队法国足球国家队 ? all excesses are corrected within two business days of their coming into existence; and
法国足球国家队1.法国足球国家队3.法国足球国家队1.3 法国足球国家队法国足球国家队法国足球国家队 ? processes, controls and limits are appropriate to ensure that such instances are not a regular occurrence and these must be reviewed in light of each occurrence.
法国足球国家队1.法国足球国家队3.2 法国足球国家队法国足球国家队 The European Banking Authority has issued guidelines relating to a similar concession available to European banks, including those regulated by the PRA. This is not directly applicable to JIBs but is considered to be useful in identifying and addressing issues relating to correspondent bank accounts for Large Exposure purposes. The Guidelines, titled ‘Implementation guidelines on Article 106(2)(c) and (d) of Directive 2006/48/EC recast’, are published at https://eba.europa.eu/
法国足球国家队2法国足球国家队 法国足球国家队Concession Limits法国足球国家队
法国足球国家队2.1 法国足球国家队 The JFSC’s Guidance Note “Approval of Concession Limits for Governments and Connected Banks” sets out the framework for the JFSC’s approval of concessions in respect of Large Exposures to governments and group banks. This allows for a Concession Limit to be agreed in the following circumstances:
法国足球国家队2.法国足球国家队1.1 法国足球国家队法国足球国家队 Large Exposures to group banks, including upstreamed deposits; and
法国足球国家队2.法国足球国家队1.2 法国足球国家队法国足球国家队 Large Exposures to highly rated governments and considered to represent a minimal risk only.
法国足球国家队2.2 法国足球国家队 Such applications must be accompanied by a completed Form: “Application form for Concession Limit approval”, which is published on the JFSC’s website.
法国足球国家队2.3 法国足球国家队 Concession Limits may exceed 100% of capital and are expressed as a fixed monetary amount.
法国足球国家队2.4 法国足球国家队 Concession limits are not normally time limited but are subject to regular review, as described in the Guidance Note.
法国足球国家队2.5 法国足球国家队 Once a Concession Limit is obtained, the following apply:
法国足球国家队2.法国足球国家队5.1 法国足球国家队法国足球国家队 direct LE25s to that counterparty are exempt from requiring further approval (although Concession Limits are subject to regular review). Such LEs also do not count towards the absolute aggregate limit of 800%;
法国足球国家队2.法国足球国家队5.2 法国足球国家队法国足球国家队 exposures to individual or connected sub-groups that are connected to the counterparty that? exceed 25% of ACR require individual approval; and
法国足球国家队2.法国足球国家队5.3 法国足球国家队法国足球国家队 exposures covered by an appropriate guarantee from the counterparty may be approved individually (See Section 3 “Day-to-day LE25 approval requirements – guaranteed exposures”).
法国足球国家队2.6 法国足球国家队 The total of all direct and connected exposures to the counterparty, including all exposures guaranteed by it in order to secure LE25 approvals, must remain within the Concession Limit at all times.
法国足球国家队3法国足球国家队 法国足球国家队Day-to法国足球国家队法国足球国家队-法国足球国家队法国足球国家队day LE25 approval requirements – guaranteed exposures法国足球国家队
法国足球国家队3.1 法国足球国家队 Requests must take the form of a free format letter, detailing the exposure and containing relevant details of legal advice taken in respect of any collateral arrangements, guarantees, LTAs and netting agreements, together with the relevant completed Large Exposure application form.
法国足球国家队3.2 法国足球国家队 Guarantees from two classes of counterparty will be considered by the JFSC, members of which are either group banks or governments. For each type, a separate application form has been created. The two are:
法国足球国家队3.法国足球国家队2.1 法国足球国家队法国足球国家队 parent banks; and
法国足球国家队3.法国足球国家队2.2 法国足球国家队法国足球国家队 counterparties for which a Concession Limit has been agreed (certain group banks and governments).
法国足球国家队3.3 法国足球国家队 A guarantee or LTA from a parent for which no Concession Limit has been agreed will only be considered for the purposes of LE25 approval where:
法国足球国家队3.法国足球国家队3.1 法国足球国家队法国足球国家队 the parent is a regulated bank (i.e. not a holding company);
法国足球国家队3.法国足球国家队3.2 法国足球国家队法国足球国家队 the exposure is not a LE in respect of the parent bank (i.e. not in excess of 10% of its total regulatory capital); and
法国足球国家队3.法国足球国家队3.3 法国足球国家队法国足球国家队 the provider is either the ultimate parent or an intermediate parent that is a member of the top 1000 banks globally, as measured by Tier 1 capital size.
法国足球国家队3.4 法国足球国家队 An exposure will only be deemed to be covered by an appropriate guarantee or LTA where:
法国足球国家队3.法国足球国家队4.1 法国足球国家队法国足球国家队 the JIB has obtained appropriate legal opinion on the documentation relating to the guarantee/LTA. Sight of both the documentation and covering legal opinion may be required by the JFSC; and
法国足球国家队3.法国足球国家队4.2 法国足球国家队法国足球国家队 in the case of an LTA used in place of a guarantee: the agreement relates to the amortised cost of the exposure (i.e. not the written down value).
法国足球国家队3.5 法国足球国家队 Such applications must be accompanied by a completed Form: “Large Exposure Approval - Parental Guarantee”, which is published on the JFSC’s website.
法国足球国家队3.6 法国足球国家队 An application in respect of an LE25 for which a guarantee has been provided by a counterparty for which a Concession Limit has been agreed must be accompanied by a completed Form: “Large Exposure Approval - Concession Limit Guarantee”, which is published on the JFSC’s website.
法国足球国家队4法国足球国家队 法国足球国家队Day-to法国足球国家队法国足球国家队-法国足球国家队法国足球国家队day LE25 approval requirements – collateralised exposures法国足球国家队
法国足球国家队4.1 法国足球国家队 Requests must take the form of a free format letter, detailing the exposure and containing relevant details of legal advice taken in respect of the collateral arrangements and netting agreements, together with a completed Form: “Large Exposure Approval – Collateralised Exposures”, which is published on the JFSC’s website.
法国足球国家队4.2 法国足球国家队 An exposure will only be deemed to be covered by adequate collateral where:
法国足球国家队4.法国足球国家队2.1 法国足球国家队法国足球国家队 in the case of JIBs using the comprehensive approach under Basel II to credit risk mitigation, including advanced approaches, collateral may be in the form of cash, 0% risk weighted HI-OECD government securities or certificates of deposit issued by the JIB and must be sufficient to ensure that the exposure is eligible for a 0% risk weight after such credit risk mitigation (without reliance on any other form of security) is taken into account and allowing for currency mismatches (no maturity mismatch is allowed);
法国足球国家队4.法国足球国家队2.2 法国足球国家队法国足球国家队 in the case of a JIB using the simplified standardised approach, an exposure that is secured by cash deposits, 0% risk weight government securities or certificates of deposit issued by the JIB, providing that the amount of security exceeds the exposure by at least:
法国足球国家队4.法国足球国家队2.法国足球国家队2.1 法国足球国家队法国足球国家队法国足球国家队 ? 0% for cash or certificate of deposit, both to be in the same currency as the exposure;
法国足球国家队4.法国足球国家队2.法国足球国家队2.2 法国足球国家队法国足球国家队法国足球国家队 ? 10% in the case of a cash deposit or certificate of deposit that are in a different currency to the exposure;
法国足球国家队4.法国足球国家队2.法国足球国家队2.3 法国足球国家队法国足球国家队法国足球国家队 ? 10% in the case of a HI-OECD government security in the same currency; and
法国足球国家队4.法国足球国家队2.法国足球国家队2.4 法国足球国家队法国足球国家队法国足球国家队 ? 20% in the case of a HI-OECD government security in a different currency to the exposure;
法国足球国家队4.法国足球国家队2.3 法国足球国家队法国足球国家队 the security is held by the JIB and a legal right of set-off exists. The cover levels referred to above are minimum levels and the JIB must consider whether the particular circumstances of the exposure require additional security and address this issue in its request. Collateral arrangements must ensure that the collateral remains in place until the maturity of the large exposure; and
法国足球国家队4.法国足球国家队2.4 法国足球国家队法国足球国家队 the JIB has obtained appropriate legal opinion on the security documentation relied upon. Sight of both the documentation and covering legal opinion may be required by the JFSC.
法国足球国家队4.3 法国足球国家队 The above may be achieved where a third party has lodged appropriate collateral with the JIB and provided an appropriate legal guarantee in respect of the exposure, backed by the collateral.
法国足球国家队4.4 法国足球国家队 Security may not, for this purpose, be held by another bank, irrespective of pledges and guarantees received or whether the bank is part of the same group. However, a guarantee from a group bank may be considered to be effective if it meets the criteria for such guarantees (see Section 3 – “Day-to-day LE25 approval requirements – guaranteed exposures法国足球国家队”法国足球国家队).
法国足球国家队5法国足球国家队 法国足球国家队Approval of LE25s not meeting the specified criteria.法国足球国家队
法国足球国家队5.1 法国足球国家队 Requests must take the form of a free format letter, detailing the exposure, including any collateral arrangements, an explanation of the circumstances that resulted in the exposure and a description of the proposed management of it. A completed Form: “Large Exposure Approval – Collateralised Exposures”, which is published on the JFSC’s website, must also be submitted with the letter, completed with relevant details.
法国足球国家队5.2 法国足球国家队 The JFSC will review the request, taking into account the circumstances, the nature of the exposure and whether it considers the proposed management of the LE25 to be appropriate.
法国足球国家队5.3 法国足球国家队 In particular, approval may be granted where the LE25 has occurred in unforeseen circumstances, such as where a merger brings together two previously unconnected counterparties.
法国足球国家队5.4 法国足球国家队 The proposed management of the LE25 must describe how the JIB expects to regularise the situation and, in the interim period, any other risk mitigating actions that are planned or have already been effected.
法国足球国家队6法国足球国家队 法国足球国家队Netting, other credit transfer mechanisms and other specific circumstances法国足球国家队
法国足球国家队6.1 法国足球国家队 Netting may only be reported as credit mitigation on the application form where a netting agreement is in place. This would not reduce the exposure, for LE purposes, but may be considered to be equivalent to the provision of cash collateral. As such, a gross exposure of up to 100% of ACR may be approved.
法国足球国家队6.2 法国足球国家队 A credit default swap, or similar contract, may be used in place of a parental guarantee but only provided that the reference obligation of the credit default swap is the same as the exposure.
法国足球国家队6.3 法国足球国家队 Other credit transfer mechanisms, such as syndication or sub-participation (in respect of a loan extended by the JIB), may be used in place of a parental guarantee. These may also be used to provide an effective pledge of cash collateral but only where they are fully funded (i.e. not a contractual arrangement) and, as such, provide equivalent protection to cash collateral.
法国足球国家队6.4 法国足球国家队 In such circumstances, the JFSC expects that the amount covered will be the full amount of the exposure. Where this is not the case, as may be sought in the case of sub-participation and syndication agreements, the JFSC may approve one-off transactions. Such approval will depend on individual circumstances but it is expected that the residual remaining uncovered element will not itself be a Large Exposure (i.e.?it will not exceed 10% of ACR).
法国足球国家队Effective 法国足球国家队法国足球国家队for 法国足球国家队
法国足球国家队(1)法国足球国家队 法国足球国家队prudential reporting for periods from Q1 201法国足球国家队法国足球国家队9法国足球国家队法国足球国家队;法国足球国家队 法国足球国家队and 法国足球国家队
法国足球国家队(2)法国足球国家队 法国足球国家队internal monitoring by 法国足球国家队法国足球国家队JIBs法国足球国家队法国足球国家队 from 1 January 2019法国足球国家队
法国足球国家队1.1 法国足球国家队 This Schedule specifies detailed Code requirements relating to the following:
法国足球国家队1.法国足球国家队1.1 法国足球国家队法国足球国家队 Capital adequacy: Section 法国足球国家队5.2 法国足球国家队and Section 法国足球国家队6.13 法国足球国家队(JIBs only);
法国足球国家队1.法国足球国家队1.2 法国足球国家队法国足球国家队 Liquidity adequacy: Section 法国足球国家队5.2 法国足球国家队and Section 法国足球国家队6.13 法国足球国家队(JIBs only); and
法国足球国家队1.法国足球国家队1.3 法国足球国家队法国足球国家队 Prudential reporting: Section 6.4.
法国足球国家队1.2 法国足球国家队 Sections 2, 3 and 4 of this Schedule outline the relevant requirements for JIBs.
法国足球国家队1.3 法国足球国家队 Section 5 outlines the relevant requirements for OIBs.
法国足球国家队2法国足球国家队 法国足球国家队Consolidation - 法国足球国家队法国足球国家队JIBs法国足球国家队
法国足球国家队2.1 法国足球国家队 The adequacy of capital and liquidity must be monitored daily and prudential returns provided? every quarter on an individual company basis. Investments in subsidiaries will result in deductions from regulatory capital.
法国足球国家队2.2 法国足球国家队 An additional consolidated return will normally only be required where the reporting bank has a material subsidiary that:
法国足球国家队2.法国足球国家队2.1 法国足球国家队法国足球国家队 is a JIB or is a registered bank in any other jurisdiction; or
法国足球国家队2.法国足球国家队2.2 法国足球国家队法国足球国家队 is a financial services business (as defined by Article 2 of the Financial Services (Jersey) Law 1998) that is not incorporated in Jersey.
法国足球国家队2.3 法国足球国家队 In such circumstances, both the solo and consolidated position should be monitored internally and a consolidated return should be provided together with the solo return that coincides with the reporting bank’s financial year-end. If the reporting bank is uncertain as to whether it is required to complete an additional consolidated return then it should contact the JFSC and as to which subsidiaries of the JIB should be consolidated in the consolidated return.
法国足球国家队3法国足球国家队 法国足球国家队Capital and Liquidity Adequacy Calculation - 法国足球国家队法国足球国家队JIBs法国足球国家队
法国足球国家队3.1 法国足球国家队 Section 法国足球国家队5.2 法国足球国家队of this Code requires JIBs to:
法国足球国家队3.法国足球国家队1.1 法国足球国家队法国足球国家队 Maintain capital ratios above minima at all times (5.2.2);
法国足球国家队3.法国足球国家队1.2 法国足球国家队法国足球国家队 Monitor liquidity ratios (5.2.4) and capital ratios (5.2.5); and
法国足球国家队3.法国足球国家队1.3 法国足球国家队法国足球国家队 in both the above cases, calculate the relevant ratios in accordance with this schedule (5.2.6).
法国足球国家队3.2 法国足球国家队 Monitoring of capital and liquidity must be consistent with the prudential guides, all of which are available at:
法国足球国家队3.法国足球国家队2.1 法国足球国家队法国足球国家队 法国足球国家队http://xbhgsbw.com/industry/sectors/banking/prudential-reporting/jersey-incorporated-banks/
法国足球国家队3.3 法国足球国家队 The relevant guidance for calculating capital ratios is set out in:
法国足球国家队3.法国足球国家队3.1 法国足球国家队法国足球国家队 Capital Ratios Guide;
法国足球国家队3.法国足球国家队3.2 法国足球国家队法国足球国家队 Standardised Approach to Credit Risk Guide;
法国足球国家队3.法国足球国家队3.3 法国足球国家队法国足球国家队 Standardised Approach to Operational Risk Guide;
法国足球国家队3.法国足球国家队3.4 法国足球国家队法国足球国家队 Standardised Approach to Market Risk Guide; and
法国足球国家队3.法国足球国家队3.5 法国足球国家队法国足球国家队 Any guides or guidance specified by the JFSC in connection to an approval, such as in relation to a Trading Book or Advanced Approaches.
法国足球国家队3.4 法国足球国家队 The relevant guidance for calculating liquidity ratios is the Liquidity Ratios Guide.
法国足球国家队4法国足球国家队 法国足球国家队Prudential Reporting: Forms and Associated Definitions? - 法国足球国家队法国足球国家队JIBs法国足球国家队
法国足球国家队4.1 法国足球国家队 Section 法国足球国家队6.4 法国足球国家队of this Code requires JIBs to submit prudential reports.
法国足球国家队4.2 法国足球国家队 JIBs are required to report in accordance with the “JIB Reporting Guide”, which establishes general requirements and the list of modules that must be submitted, together with the relevant prudential guides, as specified for each module, all of which are available at:
法国足球国家队4.法国足球国家队2.1 法国足球国家队法国足球国家队 法国足球国家队http://xbhgsbw.com/industry/sectors/banking/prudential-reporting/jersey-incorporated-banks/
法国足球国家队5法国足球国家队 法国足球国家队Prudential Reporting: Forms and Associated Definitions? - 法国足球国家队法国足球国家队OIBs法国足球国家队
法国足球国家队5.1 法国足球国家队 Section 法国足球国家队6.4 法国足球国家队of this Code requires OIBs to submit prudential reports.
法国足球国家队5.2 法国足球国家队 OIBs are required to report in accordance with the “OIB Reporting Guide”, which establishes general requirements and the list of modules that must be submitted, together with the relevant prudential guides, as specified for each module, all of which are available at:
法国足球国家队5.法国足球国家队2.1 法国足球国家队法国足球国家队 http://xbhgsbw.com/industry/sectors/banking/prudential-reporting/overseas-incorporated-banks/