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The main objective of the assessment was to analyze and observe the implementation of the International Organization of Securities Commissions (IOSCO) Principles in Australia. The various responsibilities of the Australian Securities and Investments Commission (ASIC) were highlighted and the...
Persistent link: https://www.econbiz.de/10011242567
This paper examines the Insurance Regulation and Supervision for Cyprus’s Financial Sector Assessment Program. The … domestic nonlife market is dominated by motor insurance which accounted for 58 percent of net premiums. All Cypriot business is … reinsured with nondomiciled reinsurers. Health insurance is regulated as nonlife business when written as add-ons to accident …
Persistent link: https://www.econbiz.de/10014406663
The 2012 Article IV Consultation with France discusses the financial and economic conditions of the country. Although France weathered the 2008 financial and subsequent euro area crises relatively well compared with other advanced countries, its recovery has been sluggish. France has become a...
Persistent link: https://www.econbiz.de/10011244581
and insurance. Owing to their economic reach and use of regulated and unregulated entities across sectoral boundaries, FCs …
Persistent link: https://www.econbiz.de/10011244943
The Article IV Consultation discusses the IMF Executive Board’s assessment of economic developments and policies in Switzerland. With the exchange rate floor in place for more than one year, the Swiss economy has been relatively stable. Although overall export growth is weak, the external...
Persistent link: https://www.econbiz.de/10011245199
the banking and insurance sectors of Belgium since 2006. The Belgian financial system is relatively large with solid … links between banks and the Belgian sovereign have intensified owing to the crisis, with total exposure of the banking …
Persistent link: https://www.econbiz.de/10011245209
framework currently in place reasonably provides the necessary powers to authorize the establishment of banks, conduct ongoing …
Persistent link: https://www.econbiz.de/10011245311
resiliency of banks and insurance companies to severe shocks but illustrate a vulnerability to liquidity shortfalls. … capital buffers as well as sound regulation and supervision have helped mitigate the risks. Stress tests confirm the capital …
Persistent link: https://www.econbiz.de/10011245566
that the Swiss banks are robust against even severe shocks. Banks have increased their capital, and the two global banks …, threatening the business models of life insurance and pension companies. …
Persistent link: https://www.econbiz.de/10011245662
system is highly developed, and well regulated and supervised. Singapore’s current regulation and supervision are among the …
Persistent link: https://www.econbiz.de/10011245740