This paper examines the deposit insurer's role in early detection and timely intervention frameworks and, where appropriate, suggests guidance in order to enhance these frameworks.
Uncategorized
3 June 2013
This updated best practices paper reflects the latest relevant United Nations Security Council Resolutions (UNSCRs) in response to challenges faced by countries in the implementation of Recommendation 6, which requires countries to implement the targeted financial sanctions regimes to comply with UNSCRs relating to the prevention and suppression of terrorism and terrorist financing, such as UNSCR 1267(1999) and its successor resolutions, and UNSCR 1373(2001).
The new guidance assists countries in implementing not only targeted financial sanctions, but also other measures, such as activity-based financial prohibitions and vigilance measures.
1 June 2013
This Guidance examines how new and innovative payment products and services work, and how to regulate and supervise this activity in line with a risk-based approach.
This Guidance will assist in the effective implementation of these additional measures for foreign, domestic and international organisation PEPs, their family members and close associates, as set out in Recommendations 12 and 22.
27 May 2013
27 May 2013
The Cayman Islands Monetary Authority hosted the Fourth Meeting of the Financial Stability Board (FSB) Regional Consultative Group (RCG) for the Americas in Grand Cayman.
23 May 2013
The FSB hosted the fourth meeting of the FSB Regional Consultative Group for Europe under the co-chairmanship of Gaston Reinesch, Governor, Banque centrale du Luxembourg and Tom Scholar, Second Permanent Secretary, HM Treasury, United Kingdom, in Basel, Switzerland.
This paper discusses moral hazard in the context of the deposit insurer and the financial safety net and suggests instruments and best practices that can mitigate moral hazard.