Turks and Caicos Islands : Financial Sector Assessment Program.

This paper discusses key findings and recommendations made in Financial System Stability Assessment for Turks and Caicos Islands. Although the financial oversight framework has significantly improved, the Financial Services Commission (FSC) should strive for further progress. Major advances have bee...

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Bibliografske podrobnosti
Korporativna značnica: International Monetary Fund. Monetary and Capital Markets Department
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2015.
Serija:IMF Staff Country Reports; Country Report ; No. 2015/282
Online dostop:Full text available on IMF
Opis
Izvleček:This paper discusses key findings and recommendations made in Financial System Stability Assessment for Turks and Caicos Islands. Although the financial oversight framework has significantly improved, the Financial Services Commission (FSC) should strive for further progress. Major advances have been made regarding the operational independence of the FSC and staffing. Nonetheless, the outdated Banking Ordinance and Insurance Ordinance need urgent overhaul. The functioning of the FSC should be strengthened by enhancing Board oversight, filling key positions at Board and senior management levels, strengthening communication and consultation with the industry, and improving the supervision and risk assessment capacities of FSC staff.
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Fizični opis:1 online resource (46 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Dostop:Electronic access restricted to authorized BRAC University faculty, staff and students