Gibraltar: Detailed Assessment Report of Observance of the Basel Core Principles

International Monetary Fund

No 2007/155, IMF Staff Country Reports from International Monetary Fund

Abstract: Gibraltar’s Detailed Assessment Report of the Observance of the Basel Core Principles is examined. The principal risks are reputational risk, both for the Gibraltar authorities and for the banks, as the bulk of the assets managed are off the balance sheet with the investment risk carried by the client. Credit risk is largely limited to residential mortgage lending and is heightened by the rapid rise in prices both in Southern Spain and in Gibraltar itself.

Keywords: ISCR; CR; EU bank accounting directive; banking group; FSC staff; applicant bank; bank management; bank policy; framework description; FSC practice; risk assessment; supervision framework; parent bank; banks in Gibraltar; EU institution; Basel Core Principles; Bank supervision; Capital adequacy requirements; Credit; Global (search for similar items in EconPapers)
Pages: 25
Date: 2007-05-21
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