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Title Guernsey : financial sector assessment program update : detailed assessment of observance on insurance core principles / International Monetary Fund, Monetary and Capital Markets Dept
Published Washington, D.C. : International Monetary Fund, ©2011


Description 1 online resource (61 pages)
Series IMF country report ; no. 11/2
IMF country report ; no. 11/2.
Contents Cover; Contents; Acronyms; Executive Summary; I. Assessment of Insurance Core Principles; A. Introduction and Scope; B. Information and Methodology Used for Assessment; C. Overview-Institutional and Macro Prudential Setting; Tables; 1. Breakdown of Licensed Insurers; 2. Summary of Compliance with the Insurance Core Principles; 3. Recommended Action Plan to Improve Observance of Insurance Core Principles; II. Detailed Principle-by-Principle Assessment Methodology; Appendix; 1. Status of Implementation of 2003 Recommendations
Summary 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 Associat
Notes Title from PDF title page (IMF Web site, viewed March 30, 2011)
"January 2011."
Subject International Monetary Fund -- Guernsey
SUBJECT International Monetary Fund fast
Subject Insurance -- State supervision -- Guernsey
Insurance law -- Guernsey
Economic history
Insurance law
Insurance -- State supervision
SUBJECT Guernsey -- Economic conditions
Subject Great Britain Miscellaneous Island Dependencies -- Guernsey
Form Electronic book
Author International Monetary Fund. Monetary and Capital Markets Department.
ISBN 9781455228652
Other Titles Guernsey, financial sector assessment program update