01819cas a2200241 a 4500 AALejournalIMF006795 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455208746 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. British Virgin Islands : Financial Sector Assessment Program Update; Financial System Stability Assessment. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (94 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 focuses on financial regulatory policies and stability. The British Virgin Islands (BVI) provides administrative, audit, and legal services to international business companies, which is another key component of the economy. Developments in the financial sector and regulatory framework warrant an update of the assessment conducted under the IMF's Offshore Financial Center (OFC) program. Financial Services Commission Act (FSCA) provides the Financial Services Commission (FSC) with a wide array of specific regulatory, supervisory, and enforcement powers. The banking system has been insulated from global financial shocks. Many critical elements develop a robust and proportionate crisis management framework. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2010/323 Full text available on IMF http://elibrary.imf.org/view/journals/002/2010/323/002.2010.issue-323-en.xml IMF e-Library