Jersey: Financial Sector Assessment Program Update: Financial System Stability Assessment

International Monetary Fund

No 2009/282, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper examines the Financial System Stability Assessment on Jersey. Most banks in Jersey are branches or subsidiaries of large international groups, to which they provide financing. This close relationship reduces risk in normal times, given the groups’ ability to support their Jersey operations. The Jersey Financial Services Commission has significantly reformed the regulatory framework of funds, mainly to make Jersey funds more attractive to institutional investors. A key challenge in insurance supervision is to maintain effective and proportionate regulation of a small sector with limited insurance risk.

Keywords: ISCR; CR; bank insolvency regime; parent bank; risk model; yield curve; funding gap.; Jersey bank; Jersey affiliate; funding gap; Jersey subsidiary; No. bank; pound sterling; credit risk; bank DCS; bank loan; Financial sector; Insurance companies; Loans; Financial Sector Assessment Program; Global; Middle East (search for similar items in EconPapers)
Pages: 79
Date: 2009-09-14
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