Isle of Man-Crown Dependency of the United Kingdom: Assessment of the Supervision and Regulation of the Financial Sector Volume II--Detailed Assessment of Observance of Standards and Codes

2003 ◽  
Vol 03 (367) ◽  
pp. 1
Author(s):  
International Monetary Fund
2000 ◽  
Vol 39 (2) ◽  
pp. 217-240 ◽  
Author(s):  
John Belchem

As imperial pride flourished in the racial discourse of late Victorian British politics, ethnic revival and Celtic nationalism also gained purchase and resonance. These complex and seemingly competing issues of identity extended beyond the “four nations” of the United Kingdom to the Isle of Man, a crown dependency constitutionally outside the United Kingdom but at the very center of the British Isles. In this “land of home rule,” adrift in the Irish Sea, the juxtaposition of Britishness and Celticism was particularly acute, compounded by the proud persistence of Norse traditions. Manx independence within the Atlantic archipelago was symbolized by the annual Tynwald Day ceremony, a Viking “Thing” or general meeting, at which the year's new legislation was promulgated in both English and Manx Gaelic. In the late Victorian period, as Anglo-Manx business syndicates invested heavily in the “visiting industry,” transforming the island into “one large playground for the operatives of Lancashire and Yorkshire,” gentlemanly antiquarians constructed (and/or invented) the necessary traditions to safeguard Manx cultural distinctiveness and its devolved political status. Through the assertion of Celticism, a project that tended to downgrade Norse contributions to the island's past, the little Manx nation girded itself against cultural anglicization, yet remained unquestionably loyal to the British empire.Slightly other than English, the Manx have displayed what Sir Frank Kermode has described as “mild alienation” and “qualified foreignness,” characteristics that need to be considered in the wider debate about British identity.


2020 ◽  
Vol 32 (4) ◽  
pp. 946-995
Author(s):  
David Kneale

This article reappraises the experience of the civilian crews aboard Manx personnel vessels engaged in Operation Dynamo, and the contested aftermath. More than 20,000 troops were retrieved by nine ships of the Isle of Man Steam Packet Company, three of which were sunk in and off Dunkirk. There is more than enough material for a heroic narrative to emerge, yet a sense of scandal seems to cling to these particular civilian crews. Various political, social and cultural forces foster distinctly separate narratives between the United Kingdom and Isle of Man. However, empirical research in Manx and UK archives, including access to a hitherto closed file, reveals a different story: that the official Admiralty narrative of Operation Dynamo was intentionally weaponized against the Manx civilian crews for political reasons. This was achieved through the creation of reports that were false, misleading or unsupported by evidence, the provocation of the Isle of Man’s Lieutenant Governor into acts of reprisal, and through the work of an unseen editorial hand in Admiralty archives. The influence of this hostile narrative, which continues to be reinforced, has obscured the contributions of the true civilians of Dunkirk.


Author(s):  
Emmanouil Karakostas

The financial sector is a very basic pillar of the international financial system. Almost all countries of the present international economic system participate in international financial services. Today's era, due to intense globalization, constant capital movements, continuous commercial integration and the ever-increasing financial interconnection, have made financial and insurance services an essential element of the present reality. The financial sector is an industry that is very 'sensitive' to the macroeconomic and political stability of countries. This means that countries that are considered unstable cannot have a positive impact on their financial activities. One country that has a strong position in the financial sector is the United Kingdom (UK). The question that can be asked is this: what are the factors that determine the optimal functioning of financial and insurance activities. One answer could be the strong financial institutions of a country. Another answer is the corruption indicator. Or even the existence of intervention by the state apparatus in the financial functions. Of course, these factors must have tangible proof of the functioning of the economy. State intervention, for example, does not entirely mean that it is dysfunctional. This study will seek to create a framework for the analysis of financial services factors. The methodology applied is The Multiple Linear Regression - Ordinary Least Squares (OLS).


Author(s):  
John Rimmer

The Isle of Man is a British Crown possession. It had been subject to Norwegian, then competing claims of Scottish and English suzerainty. The English asserted a claim to its possession. English monarchs made successive grants of the Island to individuals. Ultimately, it was granted to Sir John Stanley, subject to English suzerainty. In 1765, by the Act of Revestment, the Island was transferred (with the Lordship) to the British Crown. The British monarch is therefore head of state as the Lord of Man. The Island has never formed part of the metropolitan territories of the United Kingdom, however.


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