European Parliament Library

South Africa :, 2009 Article IV Consultation: Staff Report; Staff Statement and Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for South Africa

The major risk factors faced by the Isle of Man (IOM), which have been given prominence by the global financial crisis, relate to large exposures toward parent banks. The recent global financial markets turmoil has had a significant impact on the Manx financial system. The paper also presents a detailed assessment of IOM’s Observance of the Basel Core Principles for Effective Banking Supervision Report. The Financial Supervision Commission has adequate power to ensure compliance with its regulations and other orders, and it uses power when the occasion demands
Table Of Contents
Cover; Contents; Glossary; I. Background: A Recession Brings New Challenges; II. Outlook: A Slowly Recovering Economy with Substantial Downside Risks; Boxes; 1. Current Account Vulnerabilities; III. Policy Discussions; A. Supporting Demand While Maintaining Stability; 2. Quantitative Effects of Macroeconomic Policies; 3. Summary of Previous Consultation Discussions; 4. The Real Exchange Rate and Competitiveness; B. Financial Sector: Remaining Vigilant; 5. Banking Sector Risks; C. Structural Policies to Consolidate Gains and Accelerate Growth; IV. Staff Appraisal; Figures
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (69 p.)
Specific Material Designation
Form Of Item

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