Jersey’s financial sector boosts PR

The Jersey Financial Services Commission, the island’s financial services regulator, has appointed Moya Fennoughty to the role of communications manager.

The Jersey Financial Services Commission, the island’s financial

services regulator, has appointed Moya Fennoughty to the role of

communications manager.



Reporting to Richard Pratt, director general of the commission,

Fennoughty will be responsible for promoting its role in enforcing

regulatory standards and in co-operating with other bodies such as the

Financial Services Authority.



Prior to her appointment, Fennoughty worked for the States of Jersey

government as marketing manager in the sports, leisure and recreation

department. She also spent 15 years at Channel TV, Jersey’s local

television station, in a marketing role.



The commission was set up in July last year for two main reasons.

Firstly, the Jersey government believed that there had to be an element

of independence in order for it to be seen to be fair in its dealings

and, secondly, in order to attract the right calibre of staff. It was

felt that there was not enough experience in the existing civil service

to deal knowledgeably and confidently with high level bankers.



The commission is keen to promote its independence from the government

in a bid to win the confidence of the international regulatory community

and the international marketplace.



It has already introduced new legislation such as the development of

anti-money laundering guidance notes, proceeds of crime law, investment

business law and amendments to companies law. The previous regulatory

body, the financial services division, was a government department and

as part of its role promoted the island of Jersey which the commission

is keen to avoid.



Fennoughty replaces Rozena Neweil who recently left the commission to

set up a PR consultancy on Jersey.



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