Guernsey : Financial Sector Assessment Program Update-Detailed Assessment of Observance on Basel Core Principles

Author/Editor:

International Monetary Fund

Publication Date:

January 14, 2011

Electronic Access:

Free Full Text (PDF file size is 947 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The Basel Core Principles for Effective Banking Supervision (BCP) assessment confirms the high standard of prudential regulation and supervision described in the 2003 assessment, and found that the issues identified have largely been addressed. The Guernsey Financial Services Commission (GFSC), being the integrated regulator, is responsible for the regulation and supervision of all financial institutions and services provided on the island, and as the banking supervisor, has disciplinary powers to address safety and soundness issues. The GFSC cooperates with the home supervisors of institutions active on the island. Several broad areas for further action have been identified.

Series:

Country Report No. 11/3

Subject:

English

Publication Date:

January 14, 2011

ISBN/ISSN:

9781455213740/1934-7685

Stock No:

1GGYEA2011003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

89

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