Isle of Man : Financial Sector Assessment Program Update—Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision

Author/Editor:

International Monetary Fund

Publication Date:

September 14, 2009

Electronic Access:

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Summary:

This paper presents a Detailed Assessment of the Isle of Man’s (IOM) Observance of the Basel Core Principles for the Effective Banking Supervision Report. The recent global financial markets turmoil has had a significant impact on the Manx financial system. The IOM has a deposit protection scheme, which has been amended shortly after the time of the assessment. The Financial Supervision Commission has adequate powers to ensure compliance with its regulations and other orders, and it uses these powers when the occasion demands.

Series:

Country Report No. 09/274

Subject:

English

Publication Date:

September 14, 2009

ISBN/ISSN:

9781451818468/1934-7685

Stock No:

1IMNEA2009001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

45

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