IMF Staff Country Reports

Gibraltar: Assessment of Financial Sector Supervision and Regulation including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Supervision, and Anti-Money Laundering and Combating the Financing of Terrorism

Publication Date:

May 21, 2007

Electronic Access:

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Summary:

This paper presents Gibraltar’s assessment of Financial Sector Supervision and Regulation including reports on the Observance of Standards and Codes on banking and insurance supervision. The Financial Services Commission has been assigned significant additional resources and has developed a well-structured approach to the management of its resources that includes a risk-based approach to supervision. The assessment found a high standard of compliance with the Basel Core Principles for banking supervision.

Series:

Country Report No. 2007/154

Subject:

Anti-money laundering and combating the financing of terrorism (AML/CFT) Banking Crime Financial institutions Financial services Insurance Insurance companies Money laundering