Panama: Detailed Assessments of Observance of Standards and Codes for Banking Supervision, Insurance Supervision, and Securities Regulation

International Monetary Fund

No 2007/067, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses key findings of the Detailed Assessments of the Observance of Standards and Codes for Banking Supervision, Insurance Supervision, and Securities Regulation for Panama. The International Organization of Securities Commissions (IOSCO) assessment considered the securities regulatory framework, the powers, capabilities, and responsibilities of the authorities, as well as issues related to the securities markets, and the management of collective investment schemes and private pension funds. For assessment of insurance supervision, the existing laws on insurance, reinsurance, and captive insurance operations as well as specific regulation and anew draft insurance law were analyzed.

Keywords: ISCR; CR; due diligence; business plan; holding company; Inter-American Development Bank; law firm; service sector; Anti-money laundering and combating the financing of terrorism (AML/CFT); Money laundering; Terrorism financing; Legal support in revenue administration; Insurance companies; Central America; Caribbean; Global (search for similar items in EconPapers)
Pages: 225
Date: 2007-02-15
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