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

IMF Staff Country Reports, September 14, 2009

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

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Bibliographic details

• Published: September 14, 2009
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781451820249.002

Summary and Key Observations

• Jersey’s macroeconomic performance is generally satisfactory.
• Unemployment is low.
• 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 completed.
• The legal system is broadly based on common law with French and Norman elements and is described as highly developed.
• The authorities have substantially adequate powers to direct, intervene in, and close a troubled financial institution.

Thematic Coverage (as listed)

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

Keywords and Specific Terms Preserved

• 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

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