Narrow Your Choices

Refine By Countries

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Business and Economics > Insurance

You are looking at 1 - 6 of 6 items for :

  • Type: Journal Issue x
Clear All Modify Search
Cover IMF Staff Country Reports
Guernsey: Financial Sector Assessment Program Update-Detailed Assessment of Observance on Insurance Core Principles
International Monetary Fund
Guernsey’s status as the largest international insurance center in Europe hinges on its progressive infrastructure and operational flexibility. Guernsey updates its regulatory regime continually and has implemented all the recommendations arising from the 2003 Offshore Financial Center (OFC) assessment. The updated regulatory framework has a high level of observance with the Insurance Core Principles (ICPs). The Guernsey Financial Services Commission (GFSC) should expand its range of enforcement powers and also implement the public disclosure standards established by the International Association of Insurance Supervisors (IAIS). The mission advised the GFSC to continually assess the practical implementation of Own Solvency Capital Assessment (OSCA).
Keywords:
ISCR; CR; insurance manager; risk assessment; insurance intermediary; life insurer; due diligence; investment strategy; market practitioner; risk matrix; insurance risk; senior management; reviews insurers' annual; insurance industry; Insurance companies; Insurance; Solvency; Anti-money laundering and combating the financing of terrorism (AML/CFT); Legal support in revenue administration; Global
Cover IMF Staff Country Reports
Guernsey: Financial System Stability Assessment-Update
International Monetary Fund
Guernsey is a leading international insurance center in Europe. Its economy purely depends on the performance of the financial sector. As per the 2003 assessment under the Offshore Financial Center (OFC) program, it is found that the Guernsey Financial Services Commission (GFSC)’s powers have been strengthened in recent years and many recommendations of the 2003 Financial Sector Assessment Program (FSAP) have been implemented. The GFSC has developed a strategy for addressing banks' financial stability risks, but strong policy measures will be essential to deal with the potential vulnerabilities and challenges ahead.
Keywords:
ISCR; CR; bank; GFSC; parent company; financial institution; banking system; Guernsey subsidiary; parent bank; pound sterling; financial system; insurance sector; Guernsey bank; asset quality; Insurance companies; Commercial banks; Stress testing; Insurance; Global
Cover IMF Staff Country Reports
Isle of Man: Crown Dependency of the United Kingdom: Assessment of the Supervision and Regulation of the Financial Sector Volume II—Detailed Assessment of Observance of Standards and Codes
International Monetary Fund
This assessment of the Basel Core Principles for Effective Banking Supervision has been completed as part of the IMF Offshore Financial Center (OFC) assessment program. First, the assessment benchmarks the current state of banking supervision, recognizing that there have been extensive changes in the last few years. Second, it suggests a number of further improvements or changes. Thus, this report provides a key input for the development of an action plan to move toward full compliance with the Core Principles.
Keywords:
ISCR; CR; beneficial owner; holding company; business plan; credit risk; FSC staff; senior management; license holder; Anti-money laundering and combating the financing of terrorism (AML/CFT); Insurance; Money laundering; Insurance companies; Legal support in revenue administration; Global; Europe
Cover IMF Staff Country Reports
Jersey: Crown Dependency of the United Kingdom: Assessment of the Supervision and Regulation of the Financial Sector Volume II—Detailed Assessment of Observance of Standards and Cod
International Monetary Fund
This report reviews the assessment of Jersey’s compliance with the Basel core principles for effective banking supervision based on the Core Principles. It provides a detailed assessment of the antimoney laundering and combating the financing of terrorism regime of Jersey and reviews its laws and regulations, supervisory and regulatory systems, Jersey’s compliance with the International Association of Insurance Supervisors (IAIS) insurance core principles, and benchmarks the state of insurance supervision. It also analyzes the objectives and principles of securities regulation and provides a detailed assessment of trust and company service providers in Jersey.
Keywords:
ISCR; CR; insurance supervisor; trust company business; corporate governance; holding company; beneficial owner; business plan; credit risk; risk assessment; senior management; Codes of practice; Insurance; Insurance companies; Anti-money laundering and combating the financing of terrorism (AML/CFT); Legal support in revenue administration; Europe; Global
Cover IMF Staff Country Reports
Guernsey-Crown Dependency of the United Kingdom: Assessment of the Supervision and Regulation of the Financial Sector Volume II—Detailed Assessment of Observance of Standards and Codes
International Monetary Fund
The completion of the detailed assessment serves several purposes. First, it benchmarks the current state of banking supervision, recognizing that there have been extensive changes in the last years. Second, it suggests a number of further improvements or changes. Thus, this report provides a key input for the development of an action plan to move toward full compliance with the Core Principles. The assessment of the effectiveness of banking supervision was based on a review of the legal framework.
Keywords:
ISCR; CR; business plan; financial institution; GFSC staff; investment funds; senior management; GFSC Law; managing director; capital base; GFSC law; limited partnership; finance committee; risk assessment; due diligence; Insurance companies; Insurance; Money laundering; Anti-money laundering and combating the financing of terrorism (AML/CFT); Europe; staff handbook
Cover IMF Staff Country Reports
Jersey: Crown Dependency of the United Kingdom: Assessment of the Supervision and Regulation of the Financial Sector Volume I—Review of Financial Sector Regulation and Supervision
International Monetary Fund
This review of financial sector regulation and supervision in Jersey in the context of the offshore financial center assessment program contains technical advice and recommendations. The report provides a general overview of the financial system, a summary of the assessment findings and the Reports on Observance of Standards and Codes (ROSCs), and the authorities’ action plan. It also presents the detailed assessment for banking, insurance, securities, Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT), and company and trust service providers.
Keywords:
ISCR; CR; investment funds; business plan; Jersey insurance market; states of Jersey; company business; holding company; corporate governance; risk capital; credit risk; attorney general; banking sector; Commission estimate; authorities in Jersey; Anti-money laundering and combating the financing of terrorism (AML/CFT); Money laundering; Insurance; Terrorism financing; Europe