Monaco: Assessment of Financial Sector Supervision and Regulation

July 7, 2008

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Monaco: Assessment of Financial Sector Supervision and Regulation, (USA: International Monetary Fund, 2008) accessed November 21, 2024

Summary

This paper discusses key findings of the assessment of Financial Sector Supervision and Regulation (FSSR) for Monaco. Since the 2002 Offshore Financial Center assessment, the Principality of Monaco has taken important steps to further strengthen an already comprehensive legal framework, supervisory structure, and practices supporting a well-regulated environment. Nonetheless, given Monaco’s ambition to develop into a fully-fledged financial center, there is a case for intensifying ongoing efforts to comply with international best practices, in particular regarding the sharing of information with foreign regulatory authorities.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Credit, Crime, Economic sectors, Financial institutions, Financial sector, Financial services, Money, Nonbank financial institutions

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Authority, CCAF, CCAF meeting, CR, Credit, Customer, Derivatives exchange, Europe, Financial sector, Firm, Insider dealing, ISCR, Lending institution, Market, Market abuse, Market condition, Market manipulation, Market operator, Market participant, Monaco, Monegasque bank, Nonbank financial institutions, Private banking, Return on equity

Publication Details

Pages:

27
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/217
Stock No:

1MCOEA2008001
ISBN:

9781451824872
ISSN:

1934-7685

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