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

September 14, 2009

Preview Citation

Format: Chicago

Jersey: Financial Sector Assessment Program Update: Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision, (USA: International Monetary Fund, 2009) accessed September 19, 2024

Summary

Jersey’s macroeconomic performance is generally satisfactory. Unemployment is low, and the trend growth rate and inflation have been satisfactorily examined. A Detailed Assessment of the Observance of the Basel Core Principles for Effective Banking Supervision Report on Jersey was also done. The legal system, which is broadly based on common law with French and Norman elements, is highly developed. The authorities have substantially adequate powers to direct, intervene in, and close a troubled financial institution.

Subject: Banking, Credit risk, Financial regulation and supervision, Financial services, Financial statements, Internal audit, Market risk, Public financial management (PFM)

Keywords: Banking code, Business model, CR, Credit risk, Financial statements, Global, Holding company, Internal audit, ISCR, JFSC staff, Market risk, Middle East, Risk management, The JFSC bank

Publication Details

Pages:

59
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/281
Stock No:

1JEYEA2009002
ISBN:

9781451820249
ISSN:

1934-7685

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