To review the powers, structure, composition and procedures of the financial services regulatory authority, and to advise on measures necessary to implement relevant international standards; To review the current legal provisions relating to the supervision of domestic banks (and other key financial institutions), advise on appropriate amendments, and recommend operational practices to ensure effective implementation; To assess the structure of the offshore banking sector, examine the regulatory practices and resources, and advise on: (i) the implementation of an effective supervisory regime in the local context; and (ii) necessary amendments to the Offshore Banking Act to support a regime that complies with international standards; Review the anti-money laundering and combating the financing of terrorism legislation and advise on: (i) the adequacy of the current legal provisions, and revisions required to support a legal framework that complies with international standards; and (ii) the supervisory arrangements necessary to ensure proper compliance by domestic and offshore financial institutions (including insurance companies).
Examiner la législation relative à la lutte contre le blanchiment de capitaux et le financement du terrorisme et fournir des conseils sur : i) le caractère adéquat des dispositions juridiques actuelles et les modifications requises pour appuyer un cadre juridique conforme aux normes internationales; et ii) les mécanismes de supervision nécessaires pour assurer une application adéquate par les institutions financières locales et offshore (y compris les compagnies d'assurance).