{
  "title": "Isle of Man: Financial Sector Assessment Program Update: Financial System Stability Assessment",
  "publication": "IMF Staff Country Reports, September 10, 2009",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/isle-of-man-financial-sector-assessment-program-update-financial-system-stability-assessment-23266",
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  "summary": "This paper presents the Financial System Stability Assessment Report on the Isle of Man (IOM). Financial sector regulation and supervision are generally of a high standard, and supervisory efforts are concentrated in those areas most relevant to the activities of financial institutions on the IOM.",
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    {
      "heading": "Summary",
      "content": "- This paper presents the Financial System Stability Assessment Report on the Isle of Man (IOM).\n- Financial sector regulation and supervision are generally of a high standard, and supervisory efforts are concentrated in those areas most relevant to the activities of financial institutions on the IOM.\n- The Financial Supervision Commission (FSC) faces a conundrum because the major banks are subsidiaries of large international financial groups, to which they provide financing.\n- The FSC is reconsidering to balance prudential requirements for liquidity and exposure to related parties against business needs that entail high exposures to the parent."
    },
    {
      "heading": "Key findings",
      "content": "- Financial sector regulation and supervision on the IOM are generally of a high standard.\n- Supervisory efforts are focused on areas most relevant to the activities of local financial institutions.\n- Major banks on the IOM are subsidiaries of large international financial groups and provide financing to their parent groups, creating supervisory tension."
    },
    {
      "heading": "Supervisory challenge and policy considerations",
      "content": "- Central supervisory conundrum:\n  - Major banks are subsidiaries of large international financial groups.\n  - These subsidiaries provide financing to their parent organizations, resulting in high exposures to related parties.\n- Policy stance highlighted:\n  - The FSC is reconsidering how to balance prudential requirements for liquidity and exposure to related parties against business needs that entail high exposures to the parent."
    },
    {
      "heading": "Publication and metadata",
      "content": "- Publication title: Isle of Man: Financial Sector Assessment Program Update: Financial System Stability Assessment\n- Date: September 10, 2009\n- Series: IMF Staff Country Reports 2009, 275 (2009)\n- Pages: 72\n- Volume: 2009\n- Issue: 275\n- DOI: https://doi.org/10.5089/9781451818475.002\n- Stock No: 1IMNEA2009002\n- ISBN: 9781451818475\n- ISSN: 1934-7685\n- Subjects: Banking, Commercial banks, Financial institutions, Financial Sector Assessment Program, Financial services, Insurance, Insurance companies, Loans\n- Keywords: bank, Commercial banks, coverage ratio, CR, deposit, firm, Global, Insurance, Insurance companies, IOM authority, ISCR, Loans, market, parent bank, return on equity, risk shock\n\nIsle of Man: Financial Sector Assessment Program Update: Financial System Stability Assessment, IMF Staff Country Reports 2009, 275 (2009), September 10, 2009.\n\n---\n\n Content in this bundle\n\n- ISLE OF MAN — Financial System Stability Assessment Update\n  - ISLE OF MAN — Financial System Stability Assessment Update (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - ISLE OF MAN — Financial System Stability Assessment Update (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: September 10, 2009",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451818475.002",
    "This paper presents the Financial System Stability Assessment Report on the Isle of Man (IOM).",
    "Financial sector regulation and supervision are generally of a high standard, and supervisory efforts are concentrated in those areas most relevant to the activities of financial institutions on the IOM.",
    "The Financial Supervision Commission (FSC) faces a conundrum because the major banks are subsidiaries of large international financial groups, to which they provide financing.",
    "The FSC is reconsidering to balance prudential requirements for liquidity and exposure to related parties against business needs that entail high exposures to the parent.",
    "Financial sector regulation and supervision on the IOM are generally of a high standard.",
    "Supervisory efforts are focused on areas most relevant to the activities of local financial institutions.",
    "Major banks on the IOM are subsidiaries of large international financial groups and provide financing to their parent groups, creating supervisory tension.",
    "Central supervisory conundrum:",
    "Policy stance highlighted:",
    "Publication title: Isle of Man: Financial Sector Assessment Program Update: Financial System Stability Assessment",
    "Date: September 10, 2009",
    "Series: IMF Staff Country Reports 2009, 275 (2009)",
    "Pages: 72",
    "Volume: 2009",
    "Issue: 275",
    "DOI: https://doi.org/10.5089/9781451818475.002",
    "Stock No: 1IMNEA2009002",
    "ISBN: 9781451818475",
    "ISSN: 1934-7685",
    "Subjects: Banking, Commercial banks, Financial institutions, Financial Sector Assessment Program, Financial services, Insurance, Insurance companies, Loans",
    "Keywords: bank, Commercial banks, coverage ratio, CR, deposit, firm, Global, Insurance, Insurance companies, IOM authority, ISCR, Loans, market, parent bank, return on equity, risk shock",
    "**ISLE OF MAN — Financial System Stability Assessment Update**"
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