Jersey is not just a major offshore financial center, it is one of the world's premier financial centers. Jersey's financial services industry boasts a top- tier client list served by a highly educated and affluent workforce. Jersey's service providers offers a wide range financial services, from banking and fund management to custodial and fiduciary services. Over 90 percent of the banks in Jersey are ranked in the world's top 500 banks by size of balance sheet. Most of the world's leading banks and investment institutions have offices in Jersey.
Jersey is also a major jurisdiction for offshore investment funds.
The island also has a very well established offshore trust and offshore company sector, with well over 30,000 companies registered. There are over one hundred trust companies in Jersey, ranging from small boutique companies to those associated with major international banks. Jersey's financial industry is tightly regulated. All financial institutions are rigorously and continuously monitored. The FSC oversees supervisory, promotional and developmental functions.