European Parliament Library

British Virgin Islands :, Financial Sector Assessment Program Update: Detailed Assessment of Basel Core Principles for Effective Banking Supervision

Abstract
The Banks and trust Companies Act, Financial Services Commission Act, and the Regulatory Act are considered for banking supervision. The assessment is also based on a self-assessment prepared by the Financial Services Commission (FSC). British Virgin Islands (BVI) law provides three classes of banking licenses. The preconditions for effective banking supervision are present in the BVI. The FSC has sufficient autonomy, powers, and resources with clear responsibilities and objectives. The FSC does not impose specific limits on investments but reviews bank-imposed limits. The FSC has a well-developed system of ongoing supervision in place
Table Of Contents
Table of Contents; Glossary; I. Summary, Key Findings, and Recommendations; A. Introduction; Information and methodology used for assessment; Institutional and macroeconomic setting and market structure-overview; Preconditions for effective banking supervision; Main findings; Tables; 1. Summary Compliance with the Basel Core Principles-Detailed Assessments; Recommended action plan and authorities' response; 2. Recommended Action Plan to Improve Compliance with the Basel Core Principles; II. Detailed Assessment; 3. Detailed Assessment of Compliance with the Basel Core Principles
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (31 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781455252695

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