Andorra : Assessment of Financial Sector Supervision and Regulation

1ANDEA2007001 Image
Price:  $18.00

Release Date: © February, 2007
ISBN : 978-1-45180-096-8
Stock #: 1ANDEA2007001
English
Stock Status: On back-order

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Description

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.

Taxonomy

Anti-money laundering , Bank regulations , Banks and banking , Capital markets , Financial institutions and markets , International financial system , Securities markets




More publications in this series: IMF Staff Country Reports