01697cas a2200241 a 4500 AALejournalIMF003512 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451805604 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Bermuda : Assessment of the Supervision and Regulation of the Financial Sector-Volume II-Detailed Assessment of Observance of Standards and Codes. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (149 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper presents key findings of the Detailed Assessment of the Observance of Standards and Codes in the Financial Sector of Bermuda. The small number of licensed deposit-taking institutions in Bermuda are part of the broader financial intermediation sector. Typically, some 50 percent to 60 percent of the banks' income is fee based. The value of client assets and the volume of their activities are the main generators of this income. Efforts to reduce employee and occupancy costs that reflect the high cost of doing business on the island are continuing. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2005/099 Full text available on IMF http://elibrary.imf.org/view/journals/002/2005/099/002.2005.issue-099-en.xml IMF e-Library