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Offshore Banking and Financial Centers

November 28, 2014



2008

Public Information Notice: IMF Executive Board Integrates the Offshore Financial Center Assessment Program with the FSAP

Description: Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
Date: July 09, 2008
Type: HTML Size: 23 KB

Offshore Financial Centers: A Report on the Assessment Program and Proposal for Integration with the Financial Sector Assessment Program; May 8, 2008

Description: ... Principles for Effective Banking Supervision BIS ... Regional Body FSSA Financial
System Stability ... laundering OFC offshore financial center ROSC ...
Date: May 08, 2008
Type: PDF Size: 356 KB
Note: More information on this title

Offshore Financial Centers: Report on the Assessment Program and Proposal for Integration with the Financial Sector Assessment Program Supplementary Information; May 8, 2008

Description: ... At the 2003 review of the offshore financial center (OFC) program, in ... data
template (covering, inter alia, aggregate data on banking, insurance and ...
Date: May 08, 2008
Type: PDF Size: 587 KB
Note: More information on this title



2007

Concept of Offshore Financial Centers: In Search of an Operational Definition; Ahmed Zoromé; IMF Working Paper 07/87; April 1, 2007

Description: ... International Financial Center (IFC), International Banking Center (IBC),
International Banking Facilities (IBFs), and Offshore Banking Center. ...
Date: April 01, 2007
Type: PDF Size: 337 KB
Note: More information on this title



2006

Offshore Financial Centers: The Assessment Program A Progress Report; February 8, 2006

Description: ... Department MFD Monetary and Financial Systems Department OFC offshore
financial center OGBS Offshore Group of Banking Supervisors PIN ...
Date: February 08, 2006
Type: PDF Size: 131 KB
Note: More information on this title



2005

Offshore Financial Centers The Assessment Program A Progress Report, February 25, 2005

Description: ... Providers Offshore Group of Banking Supervisors “Trust and Company Service
Providers Statement of Best Practice”, 2002 (OGBS, 2002) Financial ...
Date: February 25, 2005
Type: PDF Size: 108 KB

Offshore Financial Centers The Assessment Program A Progress Report, February 25, 2005

Description: ... Overall assessment: As of end-2001, a substantial part of the financial system
(particularly offshore banking) was not subject to regulation and ...
Date: February 25, 2005
Type: PDF Size: 243 KB



2004

Antigua and Barbuda: Detailed Assessment of Compliance with Basel Core Principles for Effective Banking Supervision Offshore Banking; IMF Country Report 04/388; November 2004

Description: ... Principles for Effective Banking Supervision—Offshore Banking for Antigua ...
of the Eastern Caribbean Currency Union Financial Sector Assessment ...
Date: December 07, 2004
Type: PDF Size: 255 KB
Note: More information on this title

Offshore Financial Centers--The Assessment Program—An Update--Table of Contents

Description: ... Executive Board June 29, 2001 Offshore Financial Centers: The Role of the
IMF June 23, 2000 See Also: Offshore Banking and Financial Centers, ...
Date: March 12, 2004
Type: HTML Size: 14 KB

Offshore Financial Centers: The Assessment Program An Update, March 12, 2004

Description: ... As of end-2001, a substantial part of the financial system (particularly offshore
banking) was not subject to regulation and supervision. ...
Date: March 12, 2004
Type: PDF Size: 174 KB

Offshore Financial Centers -- The Assessment Program -— A Progress Report Supplementary Information

Description: ... Offshore Financial Centers The Assessment Program—A Progress Report
Supplementary Information Prepared by the Monetary and Financial ...
Date: February 25, 2004
Type: HTML Size: 11 KB

Offshore Financial Centers -- The Assessment Program -- A Progress Report

Description: ... Offshore Financial Centers The Assessment Program—A Progress Report
Prepared by the Monetary and Financial Systems Department (In ...
Date: February 25, 2004
Type: HTML Size: 14 KB



2003

Public Information Notice: IMF Executive Board Reviews the Assessment Program on Offshore Financial Centers

Description: Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
Date: November 24, 2003
Type: HTML Size: 22 KB

Offshore Financial Centers--The Assessment Program--A Progress Report and the Future of the Program--Supplementary Information

Description: This supplement provides an update on developments since the issuance of the paper (SM/03/269, 8/4/2003) and reports on the Financial Stability Forum's (FSF) discussion on offshore financial centers (OFCs) at its meeting held on September 10, 2003. The supplement does not affect the policy proposals in the paper.
Date: November 03, 2003
Type: HTML Size: 46 KB

Assessing Offshore Financial Centers - Finance & Development - September 2003 - Salim M. Darbar, R. Barry Johnston, and Mary G. Zephirin

Description: ... financial sectors, such as banking, insurance, and securities, and some
nonfinancial activities, such as shipping registries. However, most offshore ...
Date: September 01, 2003
Type: PDF Size: 50 KB

Offshore Financial Centers--The Assessment Program--A Progress Report and the Future of the Program

Description: Since the offshore financial center (OFC) program started in June 2000, it has addressed two broad concerns about potential risks posed to other financial systems by activities undertaken in offshore centers - adequacy of supervision and data availability. This paper reports on the first round of OFC assessments, now almost complete, and presents proposals for going forward.
Date: July 31, 2003
Type: HTML Size: 13 KB

OFFSHORE FINANCIAL CENTERS- The Assessment Program - A Progress Report and the Future of the Program - July 31, 2003

Description: ... Organization of Economic Cooperation and Development OFC offshore financial
center OGBS Overseas Group of Banking Supervisors PFTAC The ...
Date: July 31, 2003
Type: PDF Size: 330 KB

Offshore Financial Center Program--An IMF Progress Report, Prepared by the Monetary and Exchange Affairs and Statistics Departments

Description: The offshore financial center (OFC) program launched in July 2000 is now well advanced and is providing an overview of financial regulation and supervision, and of arrangements to counter money laundering and the financing of terrorism in the jurisdictions. OFC assessments were accelerated from 9 in 2001 to 22 in 2002.
Date: March 14, 2003
Type: HTML Size: 11 KB

Offshore Financial Center Program A Progress Report, March 14, 2003

Description: ... for Effective Banking Supervision: Areas of Weakness in
International and Offshore Financial Centers .....28 6 ...
Date: March 14, 2003
Type: PDF Size: 336 KB



2002

Offshore Financial Centers -- The Assessment Program: An Information Note

Description: Considers only the assessment component of the OFC Programs, updating the Board on the assessments completed in 2002. Work is proceeding on the schedule required to complete the assessments by end-2003. Assessment dates have been fixed for almost all the jurisdictions approached, technical assistance (TA) continues in identified areas, and a guidance note on the evaluation of oversight in the company and trust service providers sector is in draft.
Date: August 29, 2002
Type: HTML Size: 59 KB

Kingdom of the Netherlands Aruba Offshore Financial Center Assessment, June 2002

Description: Page 1. Page 2. Page 3. Page 4. Page 5. Page 6. Page 7. Page 8. Page 9.
Page 10. Page 11. Page 12. Page 13. Page 14. Page 15. Page 16. Page ...
Date: June 29, 2002
Type: PDF Size: 23 KB

Offshore Financial Center Program--An IMF Progress Report, Prepared by the Monetary and Exchange Affairs and Statistics Departments

Description: The offshore financial center (OFC) program launched in July 2000 is addressing potential vulnerabilities in financial systems by identifying gaps in supervision and improving the coverage of statistics on the activities of OFCs in financial markets.
Date: March 28, 2002
Type: HTML Size: 12 KB

Offshore Financial Center Program A Progress Report. Prepared by the Monetary and Exchange Affairs and Statistics Departments. March 28, 2002

Description: ... Production of some financial services, including banking, insurance, and ...
management can be contracted out; • Some offshore entities are ...
Date: March 28, 2002
Type: PDF Size: 351 KB



2001

News Brief: Publication of First IMF Staff Assessment of an Offshore Financial Center

Description: ... assessments of Offshore Financial Centers (OFCs) to review and analyze the
extent to which OFCs meet international banking, securities, and ...
Date: August 21, 2001
Type: HTML Size: 11 KB

Cyprus Assessment of the Offshore Financial Sector, by IMF Staff, July 30, 2001

Description: ... The CBC is the supervisory authority for persons licensed to carry
on banking business and offshore financial services. ...
Date: July 30, 2001
Type: PDF Size: 264 KB

Cyprus Assessment of Implementation of the basel Core Principles for Effective Banking Supervision in Respect of the Offshore Sector, IMF Staff, July 30, 2001

Description: ... Module 2” approach described in the paper “Offshore Financial Centers The ...
individual Basel Core Principles for Effective Banking Supervision in ...
Date: July 30, 2001
Type: PDF Size: 248 KB

Offshore Financial Centers (OFCs): Note for the IMF Executive Board

Description: The Fund's initiative for OFCs, covering both financial sector supervision and statistics, is well under way. Many jurisdictions, as a result of the increased focus on offshore financial activities in the recent past, are in the process of revising legislation and regulations and putting in place extra supervisory resources.
Date: June 29, 2001
Type: HTML Size: 26 KB



2000

News Brief: IMF Board Reviews Issues Surrounding Work on Offshore Financial Centers

Description: ... financial supervision, covering not only banking, but also ... identify vulnerabilities
in the financial system. ... à-vis activities conducted in offshore centers ...
Date: July 26, 2000
Type: HTML Size: 17 KB

Offshore Financial Centers -- The Role of the IMF

Description: The purpose of this paper is to consider how the Fund should extend its work to include assessments of the vulnerabilities stemming from the use of offshore financial centers. The paper responds to the IMFC Communiqué of April 16, 2000, which noted the reports of the Financial Stability Forum (FSF), including the recommendation that the Fund take on assessments of offshore financial centers...
Date: May 23, 2000
Type: HTML Size: 95 KB

Offshore Financial Centers -- IMF Background Paper

Description: Provides background information on the business of OFCs and on a number of initiatives taking place in various international fora concerning OFCs.
Date: May 23, 2000
Type: HTML Size: 95 KB