Offshore Britain forges ahead on exchange of information

Jersey’s Financial Services Commission has just signed a Memorandum of Understanding (MOU) with the German supervisory authority, Bundesanstalt für Finanzdienstleistungsaufsicht (the BaFin). The MoU provides the necessary framework for the two authorities to exchange confidential regulatory information and co-operate over the supervision and regulation of those entities coming under their respective authorities. Jersey’s FSC says the new MoU further facilitates co-operation and dialogue between the Commission and the BaFin, which will “contribute to the protection of investors, the foste...