Isle of Man : Financial Sector Assessment Program Update: Financial System Stability Assessment

Author/Editor:

International Monetary Fund

Publication Date:

September 10, 2009

Electronic Access:

Free Full text (PDF file size is 658 KB).Use the free Adobe Acrobat Reader to view this PDF file

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. 09/275

Subject:

English

Publication Date:

September 10, 2009

ISBN/ISSN:

9781451818475/1934-7685

Stock No:

1IMNEA2009002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

72

Please address any questions about this title to publications@imf.org