Guernsey; Financial System Stability Assessment-Update

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)â€™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.

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Year of publication:	2011-01-14
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Bank supervision \| Banking sector \| Basel Core Principles \| Combating the financing of terrorism \| Financial soundness indicators \| Insurance supervision \| Nonbank financial sector \| Reports on the Observance of Standards and Codes \| guernsey \| banking \| banking supervision \| jersey \| banking system \| private banking \| prudential regulation \| capital adequacy \| recapitalization \| foreign exchange \| return on equity \| deposit insurance \| internal audit \| banking industry \| financial strength \| bank failure \| banking legislation \| bank branches \| banking supervisor \| banks ? assets \| bank solvency \| capital requirement \| mortgage loan \| bank loan \| bank subsidiaries \| internal control \| bank capitalization \| bank system \| connected lending \| bank licenses \| bank regulation \| return on assets \| banks ? asset

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 11/1 4 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011243469