States Treasury’s credit risk to be reviewed by finance firm
Monday 5th November 2012, 3:00PM GMT.
States Treasurer Laura Rowley
THE States Treasury has appointed a local finance group for the first time to assess and monitor how well it protects the Island’s assets.
The initial reports prepared by the Enhance Group show that the Treasury is doing an encouraging job at looking after taxpayers’ cash.
Enhance, which operates in ten locations around the world and has £9 billion under administration, has been appointed to review the Treasury’s bank limit list to assess potential credit risk.
States Treasurer Laura Rowley said the fact that there were now local businesses of sufficient calibre and competence to undertake a project of such scale was a reflection of the strength of the Island’s stringent financial regulatory systems.
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Jersey Evening Post
Nice to see the “jobs’ for the boys” syndrome is alive and well !!! – i cannot be the only one who would not trust my hard-earned cash to the loveable “Rogues of Jersey”
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Company with local presence gets a States of Jersey contract to say how well they are doing, States of Jersey receives glowing report, company receives something akin to States accreditation, everyone’s a winner?
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I say fair play to your Treasury keeping Jersey taxpayers money at work in the island. Also I have heard of this company through their work in London and they are highly reagrded and a credit to your island.
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The island’s assets also include vast property holdings. But for a moment just consider how well these are being maintained by the States. The fact that the General Hospital has been allowed to deteriorate to the extent that a replacement is now sought is a damning example of our government’s negligence in failing to look after its valuable infrastructure.
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