Isle of Man: Financial Sector Assessment Program Update—Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This paper presents a Detailed Assessment of the Isle of Man’s (IOM) Observance of the Basel Core Principles for the Effective Banking Supervision Report. The recent global financial markets turmoil has had a significant impact on the Manx financial system. The IOM has a deposit protection scheme, which has been amended shortly after the time of the assessment. The Financial Supervision Commission has adequate powers to ensure compliance with its regulations and other orders, and it uses these powers when the occasion demands.
Series:
Country Report No. 2009/274
Subject:
Banking Basel Core Principles Financial regulation and supervision Financial services Legal support in revenue administration Market risk Operational risk Revenue administration
English
Publication Date:
September 14, 2009
ISBN/ISSN:
9781451818468/1934-7685
Stock No:
1IMNEA2009001
Pages:
45
Please address any questions about this title to publications@imf.org