The Finance Sector Code of Corporate Governance (“the Code”), issued in September 2011 with an effective date of 1 January 2012, stated the GFSC will require an assurance statement from companies...

Draft Outsourcing Risk Guidance Note for Banks is available here:...

Total deposits held with Guernsey banks at the end of December 2009 decreased in sterling terms by £2.8 billion...

Total deposits held with Guernsey banks at the end of September 2009 decreased in sterling terms by £4.4 billion ...

Total deposits held with Guernsey banks at the end of June 2009 decreased in sterling terms by £18.3 billion ...

Total deposits held with Guernsey banks at the end of March 2009 decreased in sterling terms by £14.1 billion ...

Total deposits held with Guernsey banks at the end of December 2008 increased in sterling terms by £20.7 billion* ...

The Guernsey Financial Services Commission (the Commission) is today publishing ...

Total deposits held with Guernsey banks at the end of September 2008 increased in Sterling terms by £8.2 billion...

Outsourcing in the Banking Sector in the Bailiwick of Guernsey ...

Guidance on Liquidity Risk Management...

The Guernsey Financial Services Commission (“ the Commission") has received a significant number of enquiries...

Amendments to Schedules 1 and 2 to the Proceeds of Crime Law, etc....

Business Continuity Planning and Disaster Recovery Management in the Banking Sector of the Bailiwick of Guernsey ...

Copies of statements, and questions and answers, on Landsbanki Guernsey Limited (in Administration) issued by the bank's administrators...

Important developments took place yesterday evening in connection with Landsbanki Guernsey....

Last night the Directors of Landsbanki Guernsey Limited made an application to the Royal Court for the Court to appoint an administrator...

The main changes to the December 2007 regulations for financial services businesses created by the amendment regulations...

Total deposits held with Guernsey banks at the end of June 2008 decreased in Sterling terms by £1.4 billion ...

The Guernsey Financial Services Commission has today issued a consultation paper to members of the Association of Guernsey Banks...

Basel II Pillar 2 assessment framework...

Basel II ICAAP initial observations...

​Total deposits held with Guernsey banks at the end of March 2008 increased in Sterling terms by £10.3 billion ...

The Commission has issued a sixth Business from Sensitive Sources Notice...

Total deposits held with Guernsey banks at the end of December 2007 increased in Sterling terms by £6.5 billion ...

The decision to put Northern Rock plc into temporary public ownership will result in the ownership of the bank transferring ...

In the spring of last year the Commission consulted on, amongst other matters...

The Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) Regulations, 2007 have now been signed by the Policy Council...

Link to Business from Sensitive Sources Notice 5...

Presentation on the Implementation of Basel II in Guernsey...

Total deposits held with Guernsey banks at the end of September 2007 increased in Sterling terms by £4.6 billion ...

Basel II Triparty Credit Risk Paper...

Basel II Market, Interest and Settlement Risk Paper...

Basel II ICAAP Paper...

The Guernsey Financial Services Commission fully understands the concerns of all Northern Rock depositors....

Following consultation with financial services businesses, the Criminal Justice Regulations 2007 and the Handbook for Financial Services Businesses on Countering Financial Crime and Terrorist Financing are now complete...

A joint statement was issued today by HM Treasury, the Bank of England and the Financial Services Authority ...

The Commission has become aware of a scam in which victims are asked to pay a fee in order to obtain “Certified Payment Liability Coverage”...

Total deposits held with Guernsey banks at the end of June 2007 increased in Sterling terms by £2.8 billion ...

Basel II High Level Principles on Pillar 2 : Triparty Paper...

Total deposits held with Guernsey banks at the end of March 2007 increased sharply in Sterling terms by £13 billion ...

Basel II Operational Risk - Triparty Paper...

The Commission has written to various entities in connection with consultation on proposals to amend the Bailiwick's framework for countering money laundering and terrorist financing...

The Commission has issued a consultation paper on proposals to extend the Commission's enforcement powers and to improve the rights of appeal from decisions of the Commission. ...

The Commission has prepared draft Bailiwick anti-money laundering and counter terrorist financing legislation on wire transfers to ensure that BACs can continue to be used by firms in the Islands for transfers between the Islands and the UK...

The draft regulations will be made under sections 1, 2 and 3 of the Uncertificated Securities (Enabling Provisions) (Guernsey) Law, 2005. ...

A minor amendment has been made by the Policy Council to the Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Regulations, 2002...

The Financial Services Commission (Fees) Regulations, 2006 are now available to view and will become operational with effect from 1 January 2007. ...

Further to the recent series of papers on Basel II issues a briefing paper on Pillar 2 is available here. ...

The Guernsey, Isle of Man and Jersey Commissions have had concerns expressed to them regarding their decision not to recognise ...

Please find attached two papers on Basel II-related issues...

In May and June 2006 the Commission consulted with banks on proposed National Discretions to be adopted by the Guernsey, Isle of Man and ...

Since 2009, the Commission has followed the revised guidelines set down by the Basel Committee of Banking Supervisors ...

Please find below a consultation paper on National Discretions for the Standardised Approaches to Credit and Operational Risk ...

New fees regulations for 2006...

The Fiduciary Sector Policy Forum (FSPF) and the Association of Guernsey Banks (AGB) have worked closely with the Commission to produce an introducer certificate...

Representatives of the finance sector in Guernsey have requested clarification of the Commission's policy on certain aspects of introduced business...

PDF...

Following the issue of revised Recommendations by the Financial Action Task Force in 2003, the Commission has issued a statement on anti-money laundering standards for existing customers...

The Commission has today published a statement on interviews conducted under section 21B(1) of the Financial Services Commission (Bailiwick of Guernsey) Law, 1987, as amended...

The Commission has published a revised version of Appendix C of the Guidance Notes on the Prevention of Money Laundering and Countering the Financing of Terrorism...

The Commission is issuing a statement on introduced business...

Although this paper was issued in September 2000 it continues to be the definitive text on expected international standards for credit risk ...

Bankers will be aware that amendments currently in the pipeline to the Banking Supervision (Bailiwick of Guernsey) Law 1994 will create ...

Attention is drawn to these Regulations which came into effect on 8 January 2003...

Entities which have recently come to the Commission's attention...

European Private Investment Bank has been brought to the Commission's attention...

Asia Pacific Group has been brought to the Commission's attention...

Code of Practice for Banks...

On 18 March 2002, the Zimbabwe (Export of Goods & Freezing of Funds) (Guernsey) Ordinance, 2002, came into force...

​The Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Regulations, 2002 came into force on 14 August, 2002...

Link to Business from Sensitive Sources Notice 4...

On 18 March the Zimbabwe (Export of Goods & Freezing of Funds) (Guernsey) Ordinance, 2002, came into force...

If you wish to open a bank account in Guernsey...

The Bank of England issued a news release on 21 February 2002 regarding EC Regulation 310/2002...

​Interested parties are being invited to comment on a consultation document issued by the Commission which recommends the ...

Link to Overriding Principles for a revised Know Your Customer framework - PDF document ...