European Parliament Library

Guernsey :, Financial System Stability Assessment-Update

Guernsey is a leading international insurance center in Europe. Its economy purely depends on the performance of the financial sector. As per the 2003 assessment under the Offshore Financial Center (OFC) program, it is found that the Guernsey Financial Services Commission (GFSC)’s powers have been strengthened in recent years and many recommendations of the 2003 Financial Sector Assessment Program (FSAP) have been implemented. The GFSC has developed a strategy for addressing banks' financial stability risks, but strong policy measures will be essential to deal with the potential vulnerabilities and challenges ahead
Table Of Contents
Cover; Contents; Glossary; Executive Summary and Policy Agenda; Tables; 1. FSAP Update-Key Recommendations; I. Macroeconomic and Financial setting; A. Purpose of the FSAP Update; B. Context; C. Financial Sector Structure; 2. Financial System Structure, 2003-09; 3. Balance Sheet of Banking System, End 2009; D. Outlook; II. Stability Issues; A. Vulnerabilities of the Financial System; 4. Risk Assessment Matrix; B. Performance and Stability Indicators; 5. Financial Soundness Indicators for the Banking Sector; C. Stress Test Results; 6. Solvency Stress Test Results for the Banking Sector
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (49 p.)
Specific Material Designation
Form Of Item

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