Vanuatu: Assessment of the Supervision and Regulation of the Financial Sector Volume II––Detailed Assessment of Observance of Standard and Codes

International Monetary Fund

No 2003/254, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper summarizes the Detailed Assessment of Observance of Standards and Codes in the financial sector of Vanuatu in the context of the offshore financial center program. It assesses the supervision and regulation of the financial sector compliance with the Basel Core Principles for Effective Banking Supervision and the International Association of Insurance Supervisors Core Principles using the Core Principles Methodology. It also assesses the elements of legal and institutional antimoney laundering and of combating the financing of terrorism.

Keywords: ISCR; CR; offshore bank; banking sector; minister of finance; risk management; due diligence; banking supervisor; outstanding balance; Insurance; Insurance companies; Offshore financial centers; Anti-money laundering and combating the financing of terrorism (AML/CFT); Capital adequacy requirements; Global (search for similar items in EconPapers)
Pages: 65
Date: 2003-08-18
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