Guernsey Financial Services Commission

Last updated

Guernsey Financial Services Commission
Guernsey Financial Services Commission Logo.png
Agency overview
Formed1987 [1]
Jurisdiction Flag of Guernsey.svg Guernsey
Headquarters St. Peter Port
Agency executives
  • Julian Winser, (Chairman of the Commission)
  • William Mason, (Director General)
Website gfsc.gg

The Guernsey Financial Services Commission is the regulatory body for the finance sector in the Bailiwick of Guernsey. It supervises and regulates over 2,000 licensees from within the banking, fiduciary, investment and insurance sectors in accordance with standards set by international bodies such as the Basel Committee for Banking Supervisors, the International Association of Insurance Supervisors, the International Organisation of Securities Commissions and the Financial Action Task Force on Money Laundering. [2]

Contents

The Commission uses a risk based approach to the supervision of licensees which is underpinned by a system known as PRISM.

See also

References

  1. ↑ The Financial Services Commission (Bailiwick of Guernsey) Law, 1987
  2. ↑ "The Commission". GFSC.


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