Cover IMF Staff Country Reports
Jersey: Financial Sector Assessment Program Update: Financial System Stability Assessment
Author:
International Monetary Fund
Search for other papers by International Monetary Fund in
Current site
Google Scholar
PubMedClose
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2009: Issue 282
Language:
English
Publication Date:
14 Sep 2009
DOI:
https://doi.org/10.5089/9781451820256.002
ISBN:
9781451820256
ISSN:
1934-7685
Pages:
79
Keywords:
ISCR; CR; bank insolvency regime; parent bank; risk model; yield curve; funding gap.; Jersey bank; Jersey affiliate; funding gap; Jersey subsidiary; No. bank; pound sterling; credit risk; bank DCS; bank loan; Financial sector; Insurance companies; Loans; Financial Sector Assessment Program; Global; Middle East
Download PDF (1.6 MB) Download Epub
This paper examines the Financial System Stability Assessment on Jersey. Most banks in Jersey are branches or subsidiaries of large international groups, to which they provide financing. This close relationship reduces risk in normal times, given the groups’ ability to support their Jersey operations. The Jersey Financial Services Commission has significantly reformed the regulatory framework of funds, mainly to make Jersey funds more attractive to institutional investors. A key challenge in insurance supervision is to maintain effective and proportionate regulation of a small sector with limited insurance risk.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2009: Issue 282