Antigua and Barbuda: Report on Observance of Standards and Codes—Basel Core Principles for Effective Banking Supervision—-Offshore Banking
December 7, 2004
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The report on the Antigua and Barbuda’s Observance of Standards and Codes on Basel Core Principles for Effective Banking Supervision is examined. Aggregated assets reported by the offshore banking sector totaled about US$3.0 billion, equivalent in size to about four times the GDP, as on December 2002. The largest bank represents 61 percent of the sector’s aggregated assets, highlighting an important degree of concentration. Investment portfolios represent the bulk of banks’ assets and are predominantly composed of government and corporate bonds and equities.
Subject: Bank licensing, Banking, Basel Core Principles, Capital adequacy requirements, Financial regulation and supervision, Financial services, Large exposure limits, Offshore financial centers
Keywords: bank, Bank licensing, bank management contact, bank supervision expert, Basel Core Principles, Capital adequacy requirements, capital regime, Caribbean, Central America, CR, FSRC, ISCR, Large exposure limits, lending guideline, loan, Offshore financial centers, South America
Pages:
13
Volume:
2004
DOI:
Issue:
366
Series:
Country Report No. 2004/366
Stock No:
1ATGEA0012004
ISBN:
9781451801835
ISSN:
1934-7685
