Cook Islands : Assessment of the Supervision and Regulation of the Financial Sector Volume II—Detailed Assessment of Observance of Standards and Codes

Author/Editor:

International Monetary Fund

Publication Date:

December 20, 2004

Electronic Access:

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Summary:

This paper focuses on key findings of the detailed assessment of observance of standards and codes in the financial sector of the Cook Islands (CI). The new legal framework in CI represents an important first step in correcting deficiencies, as they are all addressed in the new set of laws. The framework empowers the Financial Services Commission to license, supervise, and regulate the financial sector. It also provides it with enforcement authority in the event of noncompliance with the law, and to cooperate with foreign supervisors where necessary for implementation of comprehensive supervision on a consolidated basis.

Series:

Country Report No. 04/414

Subject:

English

Publication Date:

December 20, 2004

ISBN/ISSN:

9781451920697/1934-7685

Stock No:

1COKEA0022004

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

110

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