IMF Staff Country Reports

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

September 14, 2009

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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 December 22, 2024, https://doi.org/10.5089/9781451820256.002

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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

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