02233cas a2200313 a 4500 AALejournalIMF019871 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498332972 2663-3493 BD-DhAAL BD-DhAAL International Monetary Fund. Offshore Financial Centers : The Assessment Program. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (19 pages) Policy Papers <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 updates Executive Directors on the progress since February 2005 in implementing the second phase of the offshore financial center (OFC) program as agreed in November 2003 (see PIN No. 03/138 at http://www.imf.org). At that time, Directors recognized that OFCs could pose prudential and financial integrity risks to the international financial system. In this context, Directors agreed that the monitoring of OFCs' activities and their compliance with supervisory and integrity standards should become a standard component of the financial sector work of the Fund. They also requested periodic updates on the progress with implementation of the program. Earlier updates were provided in March 2004 (Offshore Financial Centers-The Assessment Program-An Update) and February 2005 (Offshore Financial Centers-The Assessment Program-A Progress Report). With the completion of the first round of assessments, staff have begun implementing the second phase of the program. Mode of access: Internet Information Exchange imf Information Framework Initiative imf Information imf Jurisdiction imf PP imf Aruba, Kingdom of the Netherlands imf Policy Papers; Policy Paper ; No. 2006/058 Full text available on IMF http://elibrary.imf.org/view/journals/007/2006/058/007.2006.issue-058-en.xml IMF e-Library