Belize: Technical Assistance Report-Developing the Supervision of E-Money Issuers
Technical Assistance Reports, February 12, 2025
Source details
- Canonical URL
- Belize: Technical Assistance Report-Developing the Supervision of E-Money Issuers
Other formats
Bibliographic details
- Published: February 12, 2025
- Series: Technical Assistance Reports
- DOI: https://doi.org/10.5089/9798229001182.019
Mission scope and objectives
- IMF conducted a mission at the request of the Central Bank of Belize to provide technical assistance focusing on developing a framework for the supervision of electronic money issuers in Belize.
- The mission reviewed existing approaches to supervising firms conducting regulated financial activities, as well as the regulatory framework and licensing practices for e-money issuers only to the extent that they influence and impact effective supervision.
- The mission met with other key stakeholders from the public and private sector.
Principal findings
- The mission identified gaps and areas for improvement in the supervision of electronic money issuers that affect effective oversight of regulated financial activities.
- The review considered supervisory approaches, regulatory framework, and licensing practices insofar as they influence supervision outcomes.
Key recommendations (nine areas)
- Risk-based supervision
- Data collection
- Reconciliations
- Transparency
- Fund safeguarding
- Permitted investments
- Agents
- Inspection reports
- Domestic collaboration
Subjects and keywords
- Subjects: Central bank bills, Central banks, Credit bureaus, Financial markets, National payment systems, Payment systems
- Keywords: Belize, Central Bank, Central bank bills, Credit bureaus, E-money, e-money issuer, Electronic money, fintech, IMF's Monetary, instrumentalities of the CD recipient, National payment systems, Payment systems, Payments., risk assessment, Supervision, terms and conditions, World Bank staff
International Monetary Fund. Technical Assistance Report No. 2025/015, 2025. DOI: https://doi.org/10.5089/9798229001182.019
Content in this bundle
- tarea2025015-print-pdf