IMF Staff Country Reports

Jersey: Financial Sector Assessment Program Update: Financial System Stability Assessment

September 14, 2009

Download PDF More Formats on IMF eLibrary Order a Print Copy
More formats on IMF eLibrary Order a Print Copy

Preview Citation

Format: Chicago

International Monetary Fund. Monetary and Capital Markets Department "Jersey: Financial Sector Assessment Program Update: Financial System Stability Assessment", IMF Staff Country Reports 2009, 282 (2009), accessed November 23, 2024, https://doi.org/10.5089/9781451820256.002

Export Citation

  • ProCite
  • RefWorks
  • Reference Manager
  • BibTex
  • Zotero
  • EndNote

Summary

This paper examines the Financial System Stability Assessment on Jersey. Most banks in Jersey are branches or subsidiaries of large international groups, to which they provide financing. This close relationship reduces risk in normal times, given the groups’ ability to support their Jersey operations. The Jersey Financial Services Commission has significantly reformed the regulatory framework of funds, mainly to make Jersey funds more attractive to institutional investors. A key challenge in insurance supervision is to maintain effective and proportionate regulation of a small sector with limited insurance risk.

Subject: Banking, Economic sectors, Financial institutions, Financial Sector, Financial Sector Assessment Program, Financial sector policy and analysis, Financial services, Insurance companies, Loans

Keywords: Bank DCS, Bank insolvency regime, Bank loan, CR, Credit risk, Financial sector, Financial Sector Assessment Program, Funding gap, Funding gap., Global, Insurance companies, ISCR, Jersey affiliate, Jersey bank, Jersey subsidiary, Loans, Middle East, No. bank, Parent bank, Pound sterling, Risk model, Yield curve

Publication Details

You May Also Be Interested In...

Sierra Leone: Poverty Reduction and Growth Strategy

November 22, 2024

Sierra Leone: 2024 Article IV Consultation and Request for a 38-Month Arrangement Under the Extended Credit Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Sierra Leone

November 22, 2024

Implementing Risk-Based Solvency for Insurers—Lessons from Kenya, Mexico, and South Africa

November 22, 2024

Global Contagion of Financial Reforms

November 22, 2024