Regulatory Alerts2025-05-14
Guernsey Financial Services Commission Consultation on Amendments to Banking Rules on Accounts, Disclosure, and Large Exposures
The Guernsey Financial Services Commission issued a consultation paper proposing amendments to the Banking Rules to align with international Basel standards and enhance transparency. The proposals require licensed institutions incorporated in Guernsey to adopt specific accounting standards and publicly disclose key financial metrics, such as capital and liquidity ratios, on their websites. Additionally, the document outlines updates to the large exposure and upstreaming regime to reduce concentration risk and better reflect interconnectedness within the financial sector.
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