United Kingdom: Financial System Stability Assessment including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Supervision, Securities Regulation, Payment Systems, Monetary and Financial Transparency, Securities Settlement Systems, and Anti-Money Laundering and Countering Terrorist Financing
IMF Staff Country Reports, March 3, 2003
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- United Kingdom: Financial System Stability Assessment including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Supervision, Securities Regulation, Payment Systems, Monetary and Financial Transparency, Securities Settlement Systems, and Anti-Money Laundering and Countering Terrorist Financing
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Bibliographic details
- Published: March 3, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451814125.002
Summary and key findings
- Presents key findings of the Financial System Stability Assessment for the United Kingdom, including Reports on the Observance of Standards and Codes on:
- Banking Supervision
- Insurance Supervision
- Securities Regulation
- Payments Systems
- Monetary and Financial Policy Transparency
- Securities Settlement Systems
- The financial sector of the United Kingdom is supported by a financial policy framework that has been significantly strengthened in a number of ways in recent years.
- The framework is described as being at the forefront internationally in many respects.
- The supervision framework complies or largely complies with most international standards and codes.
Compliance with international standards
- Supervision framework status: "complies or largely complies with most international standards and codes."
- Areas covered by standards and codes: Banking Supervision; Insurance Supervision; Securities Regulation; Payment Systems; Monetary and Financial Policy Transparency; Securities Settlement Systems; Anti-Money Laundering and Countering Terrorist Financing.
Thematic coverage and subjects
- Subject areas listed:
- Anti-money laundering and combating the financing of terrorism (AML/CFT)
- Banking
- Crime
- Financial institutions
- Financial sector policy and analysis
- Financial sector stability
- Financial stability assessment
- Insurance companies
- Money laundering
- Keywords include: Africa; Anti-money laundering and combating the financing of terrorism (AML/CFT); central bank; CR; Europe; financial market; Financial sector stability; Financial stability assessment; financial system; FSA authorization; FSA compliance checking; FSA official; FSA rule; FSA sourcebook; Global; Insurance companies; ISCR; market discipline; monetary policy; Money laundering; Northern Europe; U.K. banking market; Western Europe.