Andorra : Assessment of Financial Sector Supervision and Regulation

Author/Editor:

International Monetary Fund

Publication Date:

February 16, 2007

Electronic Access:

Free Full Text (PDF file size is 568 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper discusses key findings of the assessment of Financial Sector Supervision and Regulation in Andorra. The assessment reveals that bank supervision in Andorra is broadly sound and has improved since the 2002 assessment. Institut Nacional Andorrà de Finances’ (INAF) new charter strengthened its independence and remedial powers. But these could be further strengthened by empowering it to impose all types of sanctions. Developing INAF’s onsite supervisory capacity and clarifying its requests to external auditors will be important for the bank and nonbank financial sectors.

Series:

Country Report No. 07/69

Subject:

English

Publication Date:

February 16, 2007

ISBN/ISSN:

9781451800968/1934-7685

Stock No:

1ANDEA2007001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

40

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