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Business and Economics > Banks and Banking

You are looking at 1 - 10 of 20 items for :

  • Type: Journal Issue x
  • Isle of Man x
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Cover Policy Papers
A Macrofinancial Approach to Supervisory Standards Assessments
International Monetary Fund
Standards assessments serve several important objectives but are not well integrated into Fund surveillance. Financial standards assessments, when undertaken in the context of FSAPs, are used to identify weaknesses in financial regulation and supervision, or other areas covered by international standards. However, those weaknesses are not specifically linked to the risks and vulnerabilities facing the financial sector. Conversely, the analysis of country-specific vulnerabilities in the FSAP does not contribute to targeting the standard assessment effort, since the assessment must be exhaustive and cover the entire standard.
Keywords:
PP; financial market; market risk; market intermediary; standards assessment; interest rate; liquidity risk; credit risk; market participant; Financial sector stability; Basel Core Principles; Operational risk; Insurance companies; Financial Sector Assessment Program; Global
Cover IMF Staff Country Reports
United Kingdom: Observance by CREST of the CPSS-IOSCO Recommendations for Securities Settlement Systems Detailed Assessment of Observance
International Monetary Fund
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Keywords:
ISCR; CR; settlement bank; U.S. dollar; central bank; settlement system; business case; credit risk; Securities; Securities settlement systems; Central securities depositories; Legal support in revenue administration; Payment systems; Global; Europe
Cover IMF Staff Country Reports
United Kingdom: Report on the Observance of Standards and Codes
International Monetary Fund
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Keywords:
ISCR; CR; risk management; holding company; business case; credit risk; risk assessment; U.K. FSA; initial margin; FSA process; market operator; interest rate; FSA handbook; financial crisis; money market; FSA practice; Financial stability assessment; Insurance companies; Central counterparty clearing house; Payment systems; Global; Europe
Cover IMF Staff Country Reports
Guernsey: Financial Sector Assessment Program Update-Detailed Assessment of Observance on Basel Core Principles
International Monetary Fund
The Basel Core Principles for Effective Banking Supervision (BCP) assessment confirms the high standard of prudential regulation and supervision described in the 2003 assessment, and found that the issues identified have largely been addressed. The Guernsey Financial Services Commission (GFSC), being the integrated regulator, is responsible for the regulation and supervision of all financial institutions and services provided on the island, and as the banking supervisor, has disciplinary powers to address safety and soundness issues. The GFSC cooperates with the home supervisors of institutions active on the island. Several broad areas for further action have been identified.
Keywords:
ISCR; CR; holding company; board of directors; risk management; capital base; internal audit; risk assessment; banking licence; GFSC staff; corporate governance; business plan; senior management; interest rate; Bank supervision; Operational risk; Credit; Market risk; Global
Cover IMF Working Papers
Cross-Border Investment in Small International Financial Centers
Mr. Philip R. Lane
and
Mr. Gian M Milesi-Ferretti
This note documents and assesses the role of small financial centers in the international financial system using a newly-assembled dataset. It presents estimates of the foreign asset and liability positions for a number of the most important small financial centers, and places these into context by calculating the importance of these locations in the global aggregate of cross-border investment positions. It also reports some information on bilateral cross-border investment patterns, highlighting which countries engage in financial trade with small financial centers.
Keywords:
WP; portfolio; holding; SIFCs; liability; Capital flows; financial centers; international investment position; BIS securities statistics; vis-à-vis SIFCs; portfolio equity share; SIFC Group; portfolio liability; Financial statements; Foreign direct investment; Offshore financial centers; Portfolio investment; Global
Cover IMF Staff Country Reports
Jersey: Financial Sector Assessment Program Update: Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision
International Monetary Fund
Jersey’s macroeconomic performance is generally satisfactory. Unemployment is low, and the trend growth rate and inflation have been satisfactorily examined. A Detailed Assessment of the Observance of the Basel Core Principles for Effective Banking Supervision Report on Jersey was also done. The legal system, which is broadly based on common law with French and Norman elements, is highly developed. The authorities have substantially adequate powers to direct, intervene in, and close a troubled financial institution.
Keywords:
ISCR; CR; JFSC staff; risk management; holding company; business model; The JFSC bank; Banking code; Market risk; Internal audit; Credit risk; Financial statements; Middle East; Global
Cover IMF Staff Country Reports
Isle of Man: Financial Sector Assessment Program Update—Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision
International Monetary Fund
This paper presents a Detailed Assessment of the Isle of Man’s (IOM) Observance of the Basel Core Principles for the Effective Banking Supervision Report. The recent global financial markets turmoil has had a significant impact on the Manx financial system. The IOM has a deposit protection scheme, which has been amended shortly after the time of the assessment. The Financial Supervision Commission has adequate powers to ensure compliance with its regulations and other orders, and it uses these powers when the occasion demands.
Keywords:
ISCR; CR; risk management; parent bank; FSC dispose; guidance note; interest rate; risk profile; credit risk; banking system; bank auditor; FSC supervisor; country risk; Market risk; Legal support in revenue administration; Basel Core Principles; Operational risk; Global
Cover IMF Staff Country Reports
Isle of Man: Financial Sector Assessment Program Update: Technical Note: Stress Testing: Banking and Insurance
International Monetary Fund
This technical note presents stress testing of banking and insurance on the Isle of Man (IOM). The stress tests for the IOM Financial Sector Assessment Program Update have been designed to yield as comprehensive and detailed a picture as possible within the constraints of the approach and available data. Stress tests have been performed both by individual institutions based on the parameters and scenarios agreed between the authorities and IMF staff, and, at an aggregate level and in many instances, by the authorities themselves.
Keywords:
ISCR; CR; bank; risk; solvency; asset; banking sector; market risk shock; interest rate risk test; liquidity risk; market-risk shock; risk weight; market risk stress tests; persistency risk; applicable asset risk weight; price Risk; market-risk stress test finding; asset price test; stress test finding; Stress testing; Insurance companies; Market risk; Commercial banks; Europe; Global
Cover IMF Staff Country Reports
Jersey: Financial Sector Assessment Program Update: Detailed Assessment of Observance of AML/CFT
International Monetary Fund
Jersey has put in place a comprehensive and robust Antimoney Laundering/Combating the Financing of Terrorism (AML/CFT) legal framework with a high level of compliance with almost all aspects of the Financial Action Task Force recommendations. The paper discusses a Detailed Assessment of Observance of AML/CFT report on Jersey. Both money laundering and financing of terrorism are criminalized largely in line with the international standard, and Jersey has implemented the provisions effectively.
Keywords:
ISCR; CR; offence; word; one-off transaction; customer due diligence measure; legal adviser; customer's beneficial owners; compliance officer; drug trafficking; Anti-money laundering and combating the financing of terrorism (AML/CFT); Money laundering; Terrorism financing; Legal support in revenue administration; Terrorism; Europe
Cover IMF Staff Country Reports
Isle of Man: Financial Sector Assessment Program Update: Financial System Stability Assessment
International Monetary Fund
This paper presents the Financial System Stability Assessment Report on the Isle of Man (IOM). Financial sector regulation and supervision are generally of a high standard, and supervisory efforts are concentrated in those areas most relevant to the activities of financial institutions on the IOM. The Financial Supervision Commission (FSC) faces a conundrum because the major banks are subsidiaries of large international financial groups, to which they provide financing. The FSC is reconsidering to balance prudential requirements for liquidity and exposure to related parties against business needs that entail high exposures to the parent.
Keywords:
ISCR; CR; firm; bank; deposit; market; parent bank; coverage ratio; IOM authority; return on equity; risk shock; Insurance companies; Insurance; Loans; Commercial banks; Global