Cook Islands : Assessment of the Supervision and Regulation of the Financial Sector Volume I—Review of Financial Sector Regulation and Supervision

Author/Editor:

International Monetary Fund

Publication Date:

December 20, 2004

Electronic Access:

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Summary:

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 2003 with work ongoing in respect of legislation for combating the financing of terrorism. The new Banking Act and FSC Act provide a good basis for sound financial sector regulation.

Series:

Country Report No. 04/413

Subject:

English

Publication Date:

December 20, 2004

ISBN/ISSN:

9781451920864/1934-7685

Stock No:

1COKEA0012004

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

45

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