Contents -- GLOSSARY -- PREFACE -- EXECUTIVE SUMMARY -- I. INTRODUCTION AND FINANCIAL SYSTEM OVERVIEW -- II. OBSERVANCE OF FINANCIAL SYSTEM STANDARDS AND CODES: REPORTS ON OBSERVANCE OF STANDARDS AND CODES (ROSCS)
Summary
This paper highlights key finding of the assessment of financial sector regulation and supervision in Belize. The assessment reveals that banking supervision in Belize complies with or is largely compliant with most of the Basel Core Principles. Under current arrangements, the Minister retains a good deal of discretionary authority with respect to banking supervision, but this situation is likely to be modified if a draft bill, now under discussion, becomes law. Retention of qualified staff is a continuous problem with the result that the intensity of banking supervision varies
Notes
Cover title
"Prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country."
