TY - BOOK ED - International Monetary Fund. TI - Isle of Man: Financial Sector Assessment Program Update: Financial System Stability Assessment T2 - IMF Staff Country Reports, Country Report SN - 1451818475 : SN - 1934-7685 PY - 2009/// CY - Washington, D.C. PB - International Monetary Fund KW - Anti-Money Laundering KW - imf KW - Bank Supervision KW - Banking Sector KW - Combating the Financing of Terrorism KW - Financial Sector Assessment Program KW - Financial Stability N2 - This paper presents the Financial System Stability Assessment Report on the Isle of Man (IOM). Financial sector regulation and supervision are generally of a high standard, and supervisory efforts are concentrated in those areas most relevant to the activities of financial institutions on the IOM. The Financial Supervision Commission (FSC) faces a conundrum because the major banks are subsidiaries of large international financial groups, to which they provide financing. The FSC is reconsidering to balance prudential requirements for liquidity and exposure to related parties against business needs that entail high exposures to the parent UR - http://elibrary.imf.org/view/IMF002/10428-9781451818475/10428-9781451818475/10428-9781451818475.xml UR - http://www.imfbookstore.org/IMFORG/9781451818475 ER -