UID:
almafu_9958088109502883
Umfang:
1 online resource (95 p.)
Ausgabe:
1st ed.
ISBN:
9786613866356
,
9781455262052
,
1455262056
,
9781455239573
,
1455239577
,
9781283553902
,
1283553902
,
9781455250677
,
1455250678
Serie:
IMF Staff Country Reports
Inhalt:
This paper focuses on financial regulatory policies and stability. The British Virgin Islands (BVI) provides administrative, audit, and legal services to international business companies, which is another key component of the economy. Developments in the financial sector and regulatory framework warrant an update of the assessment conducted under the IMF’s Offshore Financial Center (OFC) program. Financial Services Commission Act (FSCA) provides the Financial Services Commission (FSC) with a wide array of specific regulatory, supervisory, and enforcement powers. The banking system has been insulated from global financial shocks. Many critical elements develop a robust and proportionate crisis management framework.
Anmerkung:
Description based upon print version of record.
,
Contents; Glossary; Executive Summary; Tables; 1. Risk Assessment Matrix; 2. Key Recommendations; I. Introduction; A. Purpose of the FSAP Update; B. Context; 3. FSC Revenue to Total Revenue; II. Regulatory and Supervisory System; 4. Structure of the Financial Sector-Current; 5. FSC Annual Staff Count; 6. On-site Inspections Conducted by FSC Regulatory Divisions; A. Banking Sector; B. Insurance Sector; C. Investment Business; D. Trust and Corporate Service Providers; 7. Number of Active Mutual Funds by Category; 8. Number of Active Fund Managers and Administrators by Category
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E. International Information Sharing and CooperationF. Anti Money-Laundering and Combating the Financing of Terrorism; 9. Information Sharing under the IOSCO MMOU; III. Financial Stability Issues; A. Vulnerabilities of the Banking System; B. Crisis Management Framework; 10. Bank Liquidity (Aggregate); C. Financial Stability Policy; Annex Observance of Financial Supervision Standards and Codes-Summary Assessments; 11. Summary Compliance with the Basel Core Principles-ROSCs; 12. Recommended Action Plan to Improve Compliance with the Basel Core Principles
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13. Summary Table of Observance and Key RecommendationsD. Authorities' Response; 14. Authorities' Response; 15. Financial Soundness Indicators for the Banking Sector-Commercial Banks; Appendixes; I. Financial Soundness Indicators; II. Implementation of the Recommendations of the 2004 Assessment; 16. Recommended Action Plan to Improve Observance of IAIS Insurance Core; 17. Recommendations Related to the IOSCO Principles Assessment; 18. Recommendations Relevant to the IBC and Trust and Company; 19. Recommended Action Plan to Improve Compliance of the Basel Core
,
English
Weitere Ausg.:
ISBN 9781455208746
Weitere Ausg.:
ISBN 1455208744
Sprache:
Englisch
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