Cook Islands : Assessment of the Supervision and Regulation of the Financial Sector Volume I—Review of Financial Sector Regulation and Supervision

1COKEA0012004 Image
Price:  $15.00

Release Date: © December, 2004
ISBN : 978-1-45192-086-4
Stock #: 1COKEA0012004
English
Stock Status: On back-order

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Description

This paper reviews financial sector regulation and supervision in the Cook Islands (CI). The CI has taken a number of measures to strengthen its financial sector regulation. New legislation was passed for the regulation of banking activity, and a Financial Supervisory Commission (FSC) was established. A suite of antimoney laundering legislation was enacted in May 2003 with work ongoing in respect of legislation for combating the financing of terrorism. The new Banking Act and FSC Act provide a good basis for sound financial sector regulation.

Taxonomy

Bank regulations , Banks and banking , Financial institutions and markets




More publications in this series: IMF Staff Country Reports