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

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, w...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2009
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Isle of Man  |b Financial Sector Assessment Program Update—Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2009 
300 |a 45 pages 
651 4 |a Isle of Man 
653 |a Depository Institutions 
653 |a Revenue administration 
653 |a Banks 
653 |a Finance 
653 |a Public finance & taxation 
653 |a Banks and banking 
653 |a Industries: Financial Services 
653 |a Financial services 
653 |a General Financial Markets: Government Policy and Regulation 
653 |a Value of Firms 
653 |a Micro Finance Institutions 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Mortgages 
653 |a Legal support in revenue administration 
653 |a Basel Core Principles 
653 |a Taxation, Subsidies, and Revenue: General 
653 |a Market risk 
653 |a Banks and banking; State supervision 
653 |a Financial risk management 
653 |a Capital and Ownership Structure 
653 |a Operational risk 
653 |a Goodwill 
653 |a Banks and Banking 
653 |a Financial services industry 
653 |a Financial regulation and supervision 
653 |a Banking 
653 |a Financial Risk and Risk Management 
653 |a Financing Policy 
653 |a Public Finance 
653 |a Financial services law & regulation 
653 |a Finance: General 
653 |a Revenue 
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520 |a 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