01865cas a2200241 a 4500 AALejournalIMF006961 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455213757 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Guernsey : Financial Sector Assessment Program Update-Detailed Assessment of Observance on Insurance Core Principles. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (61 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 Guernsey's status as the largest international insurance center in Europe hinges on its progressive infrastructure and operational flexibility. Guernsey updates its regulatory regime continually and has implemented all the recommendations arising from the 2003 Offshore Financial Center (OFC) assessment. The updated regulatory framework has a high level of observance with the Insurance Core Principles (ICPs). The Guernsey Financial Services Commission (GFSC) should expand its range of enforcement powers and also implement the public disclosure standards established by the International Association of Insurance Supervisors (IAIS). The mission advised the GFSC to continually assess the practical implementation of Own Solvency Capital Assessment (OSCA). Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2011/002 Full text available on IMF http://elibrary.imf.org/view/journals/002/2011/002/002.2011.issue-002-en.xml IMF e-Library