Front Matter Page
© 2009 International Monetary Fund
September 2009
IMF Country Report No. 09/281
Jersey: Financial Sector Assessment Program Update—Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision
This Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision Report on Jersey was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed in May 2009. The views expressed in this document are those of the staff team and do not necessarily reflect the views of the government of Jersey or the Executive Board of the IMF.
The policy of publication of staff reports and other documents by the IMF allows for the deletion of market-sensitive information.
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Front Matter Page
Financial Sector Assessment Program Update
JERSEY
Basel Core Principles
Detailed Assessment of Observance
MAY 2009
International Monetary Fund
Monetary And Capital Markets Department
Contents
Glossary
I. Summary, Key Findings, and Recommendations
II. Detailed Assessment
Tables
1. Summary of Compliance with the Basel Core Principles—Detailed Assessments
2. Recommended Action Plan to Improve Compliance with the Basel Core Principles
3. Detailed Assessment of Compliance with the Basel Core Principles
Glossary
| Basel Committee |
Basel Committee on Banking Supervision |
| BB (J) L |
Banking Business (Jersey) Law 1991 |
| BCP |
Basel Core Principles for Effective Banking Supervision |
| Board |
Board of commissions |
| CP |
Core principles |
| EU |
European Union |
| FSAP |
Financial Sector Assessment Program |
| FSC (J) L |
Financial Services Commission (Jersey) Law 1998 |
| GNI |
Gross national income |
| GPO |
General Provisions (Jersey) Order 2002 |
| GVA |
Gross value added |
| JAC |
Jersey Appointments Commission |
| JFSC |
Jersey Financial Services Commission |
| MOU |
Memorandum of understanding |
| NBFI |
Nonbank financial institution |
| OFC |
Offshore financial center |
| SARs |
Suspicious activity reports |
| The States |
Parliament of Jersey |
| UK |
United Kingdom |