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Bermuda: Assessment of the Supervision and Regulation of the Financial Sector—Volume II—Detailed Assessment of Observance of Standards and Codes

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  • International Monetary Fund

Abstract

This paper presents key findings of the Detailed Assessment of the Observance of Standards and Codes in the Financial Sector of Bermuda. The small number of licensed deposit-taking institutions in Bermuda are part of the broader financial intermediation sector. Typically, some 50 percent to 60 percent of the banks’ income is fee based. The value of client assets and the volume of their activities are the main generators of this income. Efforts to reduce employee and occupancy costs that reflect the high cost of doing business on the island are continuing.

Suggested Citation

  • International Monetary Fund, 2005. "Bermuda: Assessment of the Supervision and Regulation of the Financial Sector—Volume II—Detailed Assessment of Observance of Standards and Codes," IMF Staff Country Reports 2005/099, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2005/099
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    Cited by:

    1. International Monetary Fund, 2006. "United Republic of Tanzania: Ex Post Assessment of Longer-Term Program Engagement," IMF Staff Country Reports 2006/198, International Monetary Fund.
    2. CIOBU Stela & PARtACHI Ileana, 2009. "The impact of the bank credits on the sustainable development of the real sector in the Republic of Moldova," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 12(1 Special), pages 227-233, July.
    3. repec:onb:oenbwp:y:2006:i:2:b:1 is not listed on IDEAS
    4. Peter Backé, 2006. "Bank Intermediation in Southeastern Europe: Depth and Structure," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 48-68.
    5. International Monetary Fund, 2010. "The Credit Boom in the EU New Member States: Bad Luck or Bad Policies?," IMF Working Papers 2010/130, International Monetary Fund.
    6. Marco Arnone & Pier Padoan, 2008. "Anti-money laundering by international institutions: a preliminary assessment," European Journal of Law and Economics, Springer, vol. 26(3), pages 361-386, December.

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