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Bermuda; Assessment of the Supervision and Regulation of the Financial Sector—Volume I—Review of Financial Sector Regulation and Supervision
International Monetary Fund (IMF); International … - 2005
This paper assesses the financial sector regulation and supervision in Bermuda in the context of the offshore financial center assessment program. The assessment reveals that the financial, regulatory, and supervisory framework is well developed in banking, the key areas of securities...
Persistent link: https://www.econbiz.de/10005825396
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Bermuda; Assessment of the Supervision and Regulation of the Financial Sector
International Monetary Fund (IMF); International … - 2008
This paper presents an assessment of Financial Sector Supervision and Regulation for Bermuda. The Bermudian authorities have made impressive progress in developing and implementing a risk-focused approach to supervision across the range of their sectoral supervisory responsibilities. Full...
Persistent link: https://www.econbiz.de/10011242738
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Switzerland; Financial Sector Assessment Program: Factual Update: Insurance Sector Market and Regulatory Developments
International Monetary Fund (IMF); International … - 2007
This paper presents a factual update of the Insurance Core Principles including insurance sector market and regulatory developments for Switzerland. Regulatory reforms since 2003 have updated Switzerland’s regulatory and supervisory regime for the insurance industry to bring it in line...
Persistent link: https://www.econbiz.de/10011243001
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Risk-adjusted measures of value creation in financial institutions
Milne, Alistair; Onorato, Mario - Suomen Pankki - 2009
Measuring value creation by comparing the RAROC of an exposure (the return on risk capital) with a single institution …-wide hurdle rate is inconsistent with the standard theory of financial valuation. We use asset pricing theory to determine the … appropriate hurdle rate for such a RAROC performance measure. We find that this hurdle rate varies with the skewness of asset …
Persistent link: https://www.econbiz.de/10008509435
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Germany; Financial Sector Assessment Program: Detailed Assessment of Observance on Insurance Core Principles
International Monetary Fund (IMF); International … - 2011
Insurance regulation and supervision is of a high standard, and most of the enhancements suggested have been put in place. Further enhancements will be required, in the context of the forthcoming introduction of Solvency II requirements, in such areas as the frequency of onsite inspections, the...
Persistent link: https://www.econbiz.de/10011242543
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Jersey; Financial Sector Assessment Program Update: Detailed Assessment of Observance of the Insurance Core Principles
International Monetary Fund (IMF); International … - 2009
This report presents a Detailed Assessment of the Observance of the Insurance Core Principles Report on Jersey. Other than the international business, most cover is obtained from insurers based overseas by the large insurance broker community on the island. There is no ombudsman and no...
Persistent link: https://www.econbiz.de/10011244882
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Germany; Financial Sector Assessment Program: Detailed Assessment of Observance on Basel Core Principles for Effective Banking Supervision
International Monetary Fund (IMF); International … - 2011
The design of the German banking supervision framework is structurally sound, with a robust legislative and operational framework that largely complies with the Basel Core Principles for effective banking supervision (BCP). Various improvements to the German supervisory framework have been...
Persistent link: https://www.econbiz.de/10011245319
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Germany; Report on the Observance of Standards and Codes (ROSC)
International Monetary Fund (IMF); International … - 2011
This paper presents the report on observance of standards and codes (ROSC) for the financial sector prepared in connection with the financial sector assessment program (FSAP). The FSAP covers the Basel Core Principles for effective banking, the International Association of Insurance Supervisors...
Persistent link: https://www.econbiz.de/10011245457
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Guernsey; Financial Sector Assessment Program Update-Technical Note on Stress Testing: Banking and Insurance
International Monetary Fund (IMF); International … - 2011
Stress testing (ST) was undertaken as part of the Guernsey Financial sector assessment Program (FSAP) Update in order to assess the resilience of the Guernsey financial system to a variety of potential strains. The approach taken was a simulation of the effect of a potential double-dip recession...
Persistent link: https://www.econbiz.de/10011245460
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South Africa; Detailed Assessment of Observance on the International Association of Insurance Supervisors' Insurance Core Principles
International Monetary Fund (IMF); International … - 2010
Insurance regulation in South Africa is sound and takes a thorough approach to regulation, recognizes the scale and development of the market, and the need for effective market conduct as prudential regulation. There are particular challenges in improving standards of market conduct, in both...
Persistent link: https://www.econbiz.de/10011245840