## Antigua and Barbuda: Report on Observance of Standards and Codes—Basel Core Principles for Effective Banking Supervision—-Offshore Banking

_IMF Staff Country Reports, December 7, 2004_

## Source details

**Canonical URL:** [Antigua and Barbuda: Report on Observance of Standards and Codes—Basel Core Principles for Effective Banking Supervision—-Offshore Banking](https://www.imf.org/en/publications/cr/issues/2016/12/31/antigua-and-barbuda-report-on-observance-of-standards-and-codes-basel-core-principles-for-17855)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/antigua-and-barbuda-report-on-observance-of-standards-and-codes-basel-core-principles-for-17855/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/antigua-and-barbuda-report-on-observance-of-standards-and-codes-basel-core-principles-for-17855/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/antigua-and-barbuda-report-on-observance-of-standards-and-codes-basel-core-principles-for-17855/bundle-manifest.json)

## Bibliographic details
- Published: December 7, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451801835.002

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### Summary findings
- 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.

### Sector structure and concentration
- Total offshore banking sector assets: US$3.0 billion (as on December 2002).
- Sector size relative to national economy: about four times the GDP (as on December 2002).
- Market concentration: largest bank holds 61 percent of sector aggregated assets.

### Asset composition
- Principal asset category: investment portfolios.
- Investment portfolio composition: predominantly government bonds, corporate bonds, and equities.

### Subject coverage and keywords
- Subject areas: 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.

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## Content in this bundle

- **_cr04366 — Basel Core Principles**
  - [_cr04366 — Basel Core Principles (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2004/_cr04366.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr04366 — Basel Core Principles (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2004/_cr04366.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/antigua-and-barbuda-report-on-observance-of-standards-and-codes-basel-core-principles-for-17855_