01781cas a2200241 a 4500 AALejournalIMF006796 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455208753 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. British Virgin Islands : Financial Sector Assessment Program Update; Detailed Assessment of Basel Core Principles for Effective Banking Supervision. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (30 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 The Banks and trust Companies Act, Financial Services Commission Act, and the Regulatory Act are considered for banking supervision. The assessment is also based on a self-assessment prepared by the Financial Services Commission (FSC). British Virgin Islands (BVI) law provides three classes of banking licenses. The preconditions for effective banking supervision are present in the BVI. The FSC has sufficient autonomy, powers, and resources with clear responsibilities and objectives. The FSC does not impose specific limits on investments but reviews bank-imposed limits. The FSC has a well-developed system of ongoing supervision in place. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2010/324 Full text available on IMF http://elibrary.imf.org/view/journals/002/2010/324/002.2010.issue-324-en.xml IMF e-Library