Specialist Regulation

Risk & Innovation 

Our approach to risk focuses on ensuring that we adopt an effective corporate and regulatory risk management framework that supports a focused deployment of GFSC resources to the greatest areas of risk. The risk function assists in determining the risk tolerance of the GFSC and works closely with the rest of the organisation to deliver risk-based regulation that is compliant with relevant EU requirements and consistent with international standards. In addition, the risk function also supports the development and delivery of the GFSC’s strategic plans and business plans through the provision of risk analysis.

The team also supports the organisation in making risk based decisions about applicants and licensees implementing innovative practices, products and services, ensuring that they are compliant with relevant requirements and in line with the GFSC’s risk appetite and tolerance.  It actively engages in horizon scanning to anticipate trends so that the GFSC can react quickly to both new threats that emerge, as well as new opportunities that may arises and keeps up to date on advances and developments in innovation within financial services, in order to deliver authorisation and supervision support of innovative financial services.  

Contact the Risk & Innovation Team

Financial Crime Function

Our approach to financial crime focuses on ensuring that our regulatory and supervisory engagement or intervention is proportionate to the level of potential money laundering and/or terrorist financing risk identified or perceived.

Contact the Financial Crime Team

Business Delivery

The  team drives the delivery of business change and  new strategic operating models for our ways of working within the organisation. It also develops functional specification and ensures the successful adoption of new procedures through effective project management.

Contact the Business Delivery Team

Internal Control

Our internal control function provides assurance that the organisation is operating effectively and efficiently. It supports the GFSC in evaluating operating guidelines, controls and procedures, and reporting any significant problems to management and ensures that our internal procedures agree with corporate policies, industry standards and regulatory requirements.

Contact the Internal Control Team

Policy

Our policy work focuses on the development and maintenance of an appropriate legislative and regulatory framework informed by Government policy, our supervisory and enforcement work, market changes and EU and international initiatives. The Policy Team also provides support to the authorisation, supervision and enforcement functions through the development and implementation of regulatory policy and standards which ensure the delivery of effective regulation of financial and professional services in Gibraltar. 

The Policy Team, supported by a team of legal drafters, and working closely with HM Government of Gibraltar, recently completed the Legislative Reform Programme. This delivered a streamlined legislative and regulatory framework for financial and professional services in Gibraltar. To read more about the Legislative Reform Programme, click here.

Contact the Policy Team