IMF Staff Country Reports

Belize: Assessment of the Supervision and Regulation of the Financial Sector—Review of Financial Sector Regulation and Supervision

November 30, 2004

Download PDF

Preview Citation

Format: Chicago

Belize: Assessment of the Supervision and Regulation of the Financial Sector—Review of Financial Sector Regulation and Supervision, (USA: International Monetary Fund, 2004) accessed October 6, 2024

Summary

This paper highlights key finding of the assessment of financial sector regulation and supervision in Belize. The assessment reveals that banking supervision in Belize complies with or is largely compliant with most of the Basel Core Principles. Under current arrangements, the Minister retains a good deal of discretionary authority with respect to banking supervision, but this situation is likely to be modified if a draft bill, now under discussion, becomes law. Retention of qualified staff is a continuous problem with the result that the intensity of banking supervision varies.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Crime, Financial institutions, Foreign banks, Insurance, Insurance companies, International banking, Money laundering

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Bank management, Bank Management Contact, Bank staff, Belize government, Belize IBCS, Business company registry, Caribbean, CFT regime, Company formation agent, Corporate governance, CR, Due diligence, Financial system, Foreign banks, Fund Methodology, Insurance, Insurance companies, ISCR, Law enforcement authorities, Money laundering, Mutual fund, Return on equity, Subsidiaries bank

Publication Details

  • Pages:

    57

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2004/373

  • Stock No:

    1BLZEA0032004

  • ISBN:

    9781451805505

  • ISSN:

    1934-7685