Jersey: Financial Sector Assessment Program Update: Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision
Volume/Issue:
Volume 2009
Issue 281
Publication date: September 2009
ISBN: 9781451820249
$20.00
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Topics covered in this book
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Business and Economics , Banks and Banking , Public Finance , ISCR , CR , JFSC staff , risk management , holding company , business model , The JFSC bank , Banking code , Market risk , Internal audit , Credit risk , Financial statements , Middle East , Global
Summary
Jersey’s macroeconomic performance is generally satisfactory. Unemployment is low, and the trend growth rate and inflation have been satisfactorily examined. A Detailed Assessment of the Observance of the Basel Core Principles for Effective Banking Supervision Report on Jersey was also done. The legal system, which is broadly based on common law with French and Norman elements, is highly developed. The authorities have substantially adequate powers to direct, intervene in, and close a troubled financial institution.
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