Guernsey-Crown Dependency of the United Kingdom: Assessment of the Supervision and Regulation of the Financial Sector Volume II—Detailed Assessment of Observance of Standards and Codes

November 25, 2003

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Guernsey-Crown Dependency of the United Kingdom: Assessment of the Supervision and Regulation of the Financial Sector Volume II—Detailed Assessment of Observance of Standards and Codes, (USA: International Monetary Fund, 2003) accessed November 21, 2024

Summary

The completion of the detailed assessment serves several purposes. First, it benchmarks the current state of banking supervision, recognizing that there have been extensive changes in the last years. Second, it suggests a number of further improvements or changes. Thus, this report provides a key input for the development of an action plan to move toward full compliance with the Core Principles. The assessment of the effectiveness of banking supervision was based on a review of the legal framework.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Crime, Financial institutions, Financial services, Insurance, Insurance companies, Money laundering

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Business plan, Capital base, CR, Due diligence, Europe, Finance committee, Financial institution, GFSC law, GFSC Law, GFSC staff, Insurance, Insurance companies, Investment funds, ISCR, Limited partnership, Managing director, Money laundering, Risk assessment, Senior management, Staff handbook

Publication Details

Pages:

194
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/365
Stock No:

1GBREA0062003
ISBN:

9781451814224
ISSN:

1934-7685

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