01834cas a2200241 a 4500 AALejournalIMF015556 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513511054 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Turks and Caicos Islands : Financial Sector Assessment Program. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (46 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 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 Nonetheless, the outdated Banking Ordinance and Insurance Ordinance need urgent overhaul.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. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2015/282 Full text available on IMF http://elibrary.imf.org/view/journals/002/2015/282/002.2015.issue-282-en.xml IMF e-Library