Past IMF Staff Assessments on Offshore Financial Centers (OFCs)

Last Update: October 03, 2019

On May 30, 2008, the Executive Board of the International Monetary Fund (IMF) agreed to integrate the offshore financial center (OFC) assessment program with the Financial Sector Assessment Program (FSAP). Since 2008, the IMF has not used or maintained the list of Offshore Financial Centers. The OFC program, inaugurated in 2000, has helped to strengthen regulation and supervision, and to improve compliance with supervisory standards in offshore jurisdictions. The integration of the program with the FSAP aims to (i) facilitate a more uniform and risk-based approach to financial sector surveillance and improve coordination of Fund analysis across jurisdictions; (ii) provide for a better allocation of Fund resources, with a specific focus on the small number of OFCs that account for the overwhelming volume of offshore activity and could be expected to pose major financial system risks; and (iii) eliminate the need to maintain a potentially discriminatory list of OFC jurisdictions. This webpage lists the OFC assessments prior to the 2008 Board decision to integrate the OFC assessment program with the FSAP. For further information on the OFC assessment program and the 2008 proposal for integration with the FSAP, please see the  detailed report  and supplemtary information.

 

Past Offshore Financial Center Assessments

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Andorra, Principality of

Assessment of Financial Sector Supervision and Regulation - February 16, 2007 (582 k pdf file)
Assessment of the Supervision and Regulation of the Financial Sector - August 31, 2002 (564 k pdf file)

Anguilla, United Kingdom-British Overseas Territory

Assessment of the Supervision and Regulation of the Financial Sector---Review of Financial Sector Regulation and Supervision - October 30, 2003 (370 k pdf file)

Aruba, Kingdom of the Netherlands

Offshore Financial Center Assessment - June 30, 2002 (6177 k pdf file)

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