This paper discusses detailed assessment of compliance with the Basel Core Principles for effective banking supervision … for the Kingdom of the Netherlands—Aruba. Aruba’s offshore banking sector is small by international standards, with … only two institutions registered. The mission also recommends that the Central Bank of Aruba (CBA) meet with management to …

to drug trafficking and international criminal groups. The financing of terrorism has also been criminalized and is …St. Vincent and the Grenadines (SVG) is exposed to money laundering (ML) and financing of terrorism (FT) risk related … largely in conformity with the Suppression of the Financing of Terrorism (SFT) Convention. The legal and institutional …

This review of financial sector regulation and supervision in the Kingdom of the Netherlands—Netherlands Antilles … created by placement of the jurisdiction in the weakest category of the list of offshore financial centers, published by the … Financial Stability Forum (FSF). Bank of the Netherlands Antilles (BNA) staff is highly capable, well-trained, and dedicated …

The Kingdom of Bahrain’s Financial System Stability Assessment highlights banking supervision, insurance supervision …, securities regulation, and antimoney laundering and combating the financing of terrorism. The banking sector is well capitalized … markets to surge. Consumer lending has grown rapidly, although it slowed in 2005 following a tightening of loan to income …

Anguilla is in the process of strengthening its legal and supervisory framework, which includes the creation of an … inspections of company and trust service providers. The aim is to issue regulatory and industry codes that broadly meet the … recommended best practices as contained in the draft Offshore Group of Banking Supervisors’ Statement. …

Singapore’s financial sector, which is dominated by the banking sector, remains robust despite a series of economic …€™s vulnerability to exogenous shocks, including the outbreak of Severe Acute Respiratory Syndrome (SARS). Systemic liquidity is well …

, but further strengthening of the legal and institutional framework is needed. The Financial Services Commission has been …

This paper reviews financial sector regulation and supervision in the Cook Islands (CI). The CI has taken a number of … measures to strengthen its financial sector regulation. New legislation was passed for the regulation of banking activity, and … a Financial Supervisory Commission (FSC) was established. A suite of antimoney laundering legislation was enacted in May …

This detailed assessment of the observance of standards and codes in the financial sector of the Kingdom of the … Netherlands—Netherlands Antilles reviews implementation of the Basel Core Principles for effective banking. Legal provisions are … in place entrusting the Bank of the Netherlands Antilles (BNA) to regulate the insurance sector and designate it as the …

The report provides the details of the Malta Financial Stability Assessment (MFSA). It defines its roles …, responsibilities, and objectives for financial policies. It reviews the reports on the observance of standards and codes on monetary …, and payment systems. It assesses the macroeconomic environment and risks, soundness and vulnerabilities of the financial …