Antigua and Barbuda: Report on Observance of Standards and Codes—Basel Core Principles for Effective Banking Supervision—-Offshore Banking

International Monetary Fund

No 2004/366, IMF Staff Country Reports from International Monetary Fund

Abstract: The report on the Antigua and Barbuda’s Observance of Standards and Codes on Basel Core Principles for Effective Banking Supervision is examined. Aggregated assets reported by the offshore banking sector totaled about US$3.0 billion, equivalent in size to about four times the GDP, as on December 2002. The largest bank represents 61 percent of the sector’s aggregated assets, highlighting an important degree of concentration. Investment portfolios represent the bulk of banks’ assets and are predominantly composed of government and corporate bonds and equities.

Keywords: ISCR; CR; bank; loan; FSRC; bank management contact; capital regime; lending guideline; bank supervision expert; Basel Core Principles; Offshore financial centers; Capital adequacy requirements; Large exposure limits; Bank licensing; South America; Central America; Caribbean (search for similar items in EconPapers)
Pages: 13
Date: 2004-12-07
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