Antigua and Barbuda: Detailed Assessment of Compliance with Basel Core Principles for Effective Banking Supervision—Offshore Banking

International Monetary Fund

No 2004/388, IMF Staff Country Reports from International Monetary Fund

Abstract: The Detailed Assessment of Antigua and Barbuda’s compliance with the Basel Core Principles for Effective Banking Supervision is presented. 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. Loan portfolios include a number of large exposures, some exceeding 25 percent of capital, and/or connected party loans.

Keywords: ISCR; CR; bank management contact; offshore bank; market activity; affiliate bank; bank fail.; bank license; bank reference; board of directors; IBC Act; Commission salary scale; business plan; licensed bank; Commission cover; bank supervision expert; bank company; holding company; Offshore financial centers; Business enterprises; Basel Core Principles; Market risk; Capital adequacy requirements; Caribbean (search for similar items in EconPapers)
Pages: 40
Date: 2004-12-07
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