Nevis International Exempt Trust Ordinance 2016
AN ORDINANCE to repeal and replace the Nevis International Exempt Trust Ordinance, with the Nevis International Exempt Trust Ordinance, 2016 to make provisions for the law relating to international trusts and for matters incidental thereto or connected therewith.
Read MoreDiscussion Paper on Proposed Prudential Framework under the Nevis International Banking Ordinance, 2014
In 2014, the Nevis International Banking Ordinance came into being empowering the Minister of Finance, Nevis Island Administration to licence international banks in Nevis. Currently one such bank, part of a larger banking group in Nevis, is authorised. The Nevis Financial Services (Regulation and Supervision)…
Read MoreGuidelines for External Auditing of Institutions Licensed under The Nevis International Banking Ordinance, 2014
The Regulator of International Banking, in exercise of the powers conferred on it by schedule 6 of the Nevis International Banking Regulations, 2015 issues the following revised Prudential Guidelines
Read MoreGuidelines on Credit Risk Management For Institutions Licensed to Conduct International Banking Business Under The Nevis International Banking Ordinance, 2014
The major cause of serious banking problems continues to be ineffective credit risk management. For this reason, credit quality is considered a primary indicator of the financial soundness of these institutions.
Read MoreLarge Exposure Policy
This Large Exposure Policy document has the status of guidance made under section 6 of the Nevis International Banking Regulations, 2015.
Read MoreGuidance on Liquidity Risk Management
In September 2008 the Basel Committee on Banking Supervision (‘the Basel Committee’) issued a paper entitled “Principles for Sound Liquidity Risk Management and Supervision” (‘the Principles’). Previous to issuance, the Basel Committee conducted a fundamental review of its guidance issued…
Read MoreGeneral guidance to form BSL/2
Form BSL/2 is a suite of Modules introducing Basel II-compliant reporting in Nevis for Banks licensed under the Nevis International Banking Ordinance, 2014.
Read MoreGuidance to completing the Standardised Approach to Credit Risk module of BSL/2
Every incorporated international bank will be required to use the standardised approach to calculate its credit risk capital requirement and complete the Standardised Approach to Credit Risk module (Module 1) of the BSL/2 return. The return covers the bank’s balance sheet assets and off-balance sheet…
Read MoreGuidance to completing the Operational Risk module of BSL/2
This module relates to reporting operational risk by banks licensed under the Nevis International Banking Ordinance, 2014 and incorporated under the Companies Ordinance under the Operational Risk module of the BSL/2 return. “Basel II” is the revised international capital framework set out by the…
Read MoreGuidance to completing the Market Risk module of BSL/2
This guidance outlines the Regulator’s reporting requirements for calculating how much capital should be held by banks against potential losses arising out of market risk.
Read MoreGuidance to completing the Settlement Risk module of BSL/2
Under Basel II banks should develop, implement and improve systems for tracking and monitoring credit risk exposures arising from unsettled and failed transactions, as appropriate. They should produce management information that facilitates action on a timely basis.
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