Seychelles; Assessment of the Supervision and Regulation of the Financial Sectorâ€”Review of Financial Sector Regulation and Supervision

This paper reviews of Sector Regulation and Supervision for Seychelles. Regulation and supervision of the banking sector and foreign exchange bureaus in Seychelles is carried out by the Bank Supervision Division of the Central Bank. Supervision of the credit union and the insurance companies is less formal, and carried out within the Ministry of Finance. Supervision of the housing finance company is shared by the Ministry of Finance and the Ministry of Land Use and Habitat. The development bank has no designated supervisor, but its Board includes representatives from several key ministries.

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Year of publication:	2004-12-03
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Bank supervision \| Financial sector \| Fund role \| banking \| money laundering \| banking supervision \| banking supervisors \| customer identification \| foreign exchange \| terrorist financing \| banking sector \| suspicious transactions \| suspicious transaction \| credit union \| bank act \| transaction reports \| suspicious transaction reports \| internal controls \| banking business \| financial intelligence unit \| identification procedures \| compliance officer \| customer identification procedures \| international standards \| connected lending \| capital adequacy \| foreign regulatory \| consolidated supervision \| banking system \| offshore banking \| beneficial owners \| financial sector regulation \| terrorist organizations \| regulatory authorities \| banking legislation \| loan classification \| customer identification requirements \| good faith \| internal audit \| bank management \| deposit insurance \| due diligence \| offshore banks \| risk customers \| investment bank \| banking activities \| suspicious transactions reporting \| customer accounts \| banking practices \| transaction reporting \| foreign banks \| financial activity \| accounting standards \| deposit insurance scheme \| suspicious transaction reporting \| private banking \| supervisory authorities \| bank lending \| banks ? balance sheets \| money laundering activities \| financial supervision \| supervisory responsibilities \| banking regulations \| record keeping requirements \| organized crime \| return on equity \| competent authorities \| internal control \| banking services \| assessment process \| securities industry \| international cooperation \| excess liquidity \| loan concentration \| supervisory regime \| integrity standards \| prudential regulation \| licensing process \| supervisory standards \| savings bank \| supervisory agencies \| know your customer \| financial crime \| mortgage lending \| material change \| terrorist activities \| financial service providers \| penal code \| laundering legislation \| foreign exchange exposure \| criminal elements \| licensing authority \| banking regulation \| information exchange \| suspected money laundering \| investment banking \| risk management \| confidentiality requirements \| bank activity \| capital requirement \| bank regulations \| financial soundness \| international accounting standards \| capital base \| bank license \| internal policies \| banking business regulations \| bank draft \| bank deposits \| bank profitability \| supervisory framework \| supervisory agency \| criminal matters \| banking license \| share information \| supervisory authority \| supervisory regimes \| market participants \| banking operations \| foreign branches \| laundering activities \| technical assistance mission \| insurance business \| banking assets \| nonperforming loan \| bank licenses \| bank exposures \| money laundering measures \| wire transfer \| resource allocation \| level playing field \| banking law \| banking expert \| transaction records \| federal deposit insurance \| narcotic drugs \| terrorism financing \| bank managers \| trust service providers

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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 04/381 4 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005825285