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Business and Economics > Insurance

You are looking at 1 - 2 of 2 items for :

  • Type: Journal Issue x
  • Bahamas, The x
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Cover IMF Staff Country Reports
Trinidad and Tobago: Selected Issues
International Monetary Fund
In this study, the economic developments and policy responses of Trinidad and Tobago after the crisis is reviewed. Policy recommendations are used to strengthen the legal and regulatory framework. According to the IMF’s financial system stability assessment (FSSA), there were critical gaps in the overall legal, regulatory, and supervisory structure for the insurance sector. The quality of insurance sector supervision can be assessed against internationally accepted established “core principles.” In this paper, an overview is presented of why the crisis occurred and some suggestions on how to prevent a future crisis.
Keywords:
ISCR; CR; rate; repo; excess reserves; interest rate; CLICO Trinidad; lending rate; T-bill rate; CLICO Bahamas; CLICO Barbados; CL Financial Limited; Repo rates; Insurance; Deposit rates; Insurance companies; Excess liquidity; Caribbean
Cover IMF Staff Country Reports
Andorra: Assessment of Financial Sector Supervision and Regulation
International Monetary Fund
This paper discusses key findings of the assessment of Financial Sector Supervision and Regulation in Andorra. The assessment reveals that bank supervision in Andorra is broadly sound and has improved since the 2002 assessment. Institut Nacional Andorrà de Finances’ (INAF) new charter strengthened its independence and remedial powers. But these could be further strengthened by empowering it to impose all types of sanctions. Developing INAF’s onsite supervisory capacity and clarifying its requests to external auditors will be important for the bank and nonbank financial sectors.
Keywords:
ISCR; CR; Andorran bank; INAF directive; revoking bank license; INAF supervision; banks assets; charter Andorra; INAF work; Institut Nacional Andorrà; Insurance companies; Insurance; External audit; Commercial banks; Anti-money laundering and combating the financing of terrorism (AML/CFT); Europe; North America; Northern Europe