Isle of Man : Financial Sector Assessment Program Update: Financial System Stability Assessment

1IMNEA2009002 Image
Price:  $18.00

Release Date: © September, 2009
ISBN : 978-1-45181-847-5
Stock #: 1IMNEA2009002
English
Stock Status: On back-order

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Description

This paper presents the Financial System Stability Assessment Report on the Isle of Man (IOM). Financial sector regulation and supervision are generally of a high standard, and supervisory efforts are concentrated in those areas most relevant to the activities of financial institutions on the IOM. The Financial Supervision Commission (FSC) faces a conundrum because the major banks are subsidiaries of large international financial groups, to which they provide financing. The FSC is reconsidering to balance prudential requirements for liquidity and exposure to related parties against business needs that entail high exposures to the parent.

Taxonomy

Anti-money laundering , Economic development , Financial institutions and markets , Financial system stability assessment , Insurance , International financial system , Investment




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