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

September 14, 2009

Preview Citation

Format: Chicago

Isle of Man: Financial Sector Assessment Program Update—Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision, (USA: International Monetary Fund, 2009) accessed November 21, 2024

Summary

This paper presents a Detailed Assessment of the Isle of Man’s (IOM) Observance of the Basel Core Principles for the Effective Banking Supervision Report. The recent global financial markets turmoil has had a significant impact on the Manx financial system. The IOM has a deposit protection scheme, which has been amended shortly after the time of the assessment. The Financial Supervision Commission has adequate powers to ensure compliance with its regulations and other orders, and it uses these powers when the occasion demands.

Subject: Banking, Basel Core Principles, Financial regulation and supervision, Financial services, Legal support in revenue administration, Market risk, Operational risk, Revenue administration

Keywords: Bank auditor, Banking system, Basel Core Principles, Country risk, CR, Credit risk, FSC dispose, FSC supervisor, Global, Guidance note, Interest rate, ISCR, Legal support in revenue administration, Market risk, Operational risk, Parent bank, Risk management, Risk profile

Publication Details

Pages:

45
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/274
Stock No:

1IMNEA2009001
ISBN:

9781451818468
ISSN:

1934-7685

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