01754cas a2200241 a 4500 AALejournalIMF008700 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451839944 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. St. Vincent and the Grenadines : Report on Observance of Standards and Codes - Basel Core Principles for Effective Banking Supervision-Offshore Banking. Washington, D.C. : International Monetary Fund, 2004. 1 online resource (12 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 contains a summary assessment of adherence to the Basel Core Principles for Effective Banking Supervision with respect to the offshore sector of St. Vincent and the Grenadines. The St. Vincent and the Grenadines Offshore Finance Authority Act, 1996, and the International Banks Act, 1996, set out the framework for offshore bank supervision in the jurisdiction. The Offshore Finance Authority (OFA) has reportedly enjoyed substantial operational independence. However, it is recommended to enhance OFA's role and legal independence on matters such as the power to set prudential rules administratively. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2004/305 Full text available on IMF http://elibrary.imf.org/view/journals/002/2004/305/002.2004.issue-305-en.xml IMF e-Library