Isle of Man: Financial Sector Assessment Program Update: Financial System Stability Assessment
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Summary:
This paper presents the Financial System Stability Assessment Report on the Isle of Man (IOM). Financial sector regulation and supervision are generally of a high standard, and supervisory efforts are concentrated in those areas most relevant to the activities of financial institutions on the IOM. The Financial Supervision Commission (FSC) faces a conundrum because the major banks are subsidiaries of large international financial groups, to which they provide financing. The FSC is reconsidering to balance prudential requirements for liquidity and exposure to related parties against business needs that entail high exposures to the parent.
Series:
Country Report No. 2009/275
Subject:
Banking Commercial banks Financial institutions Financial Sector Assessment Program Financial services Insurance Insurance companies Loans
English
Publication Date:
September 10, 2009
ISBN/ISSN:
9781451818475/1934-7685
Stock No:
1IMNEA2009002
Pages:
72
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