scholarly journals Djibouti

2019 ◽  
Vol 19 (234) ◽  
pp. 1
Author(s):  
Keyword(s):  
Central Bank ◽  
Technical Assistance ◽  
Action Plan ◽  
International Standards ◽  
Banking Supervision ◽  
Source Data ◽  
Financial Soundness ◽  
The Imf

In response to a request of the Central Bank of Djibouti (CBD), a mission from the International Monetary Fund’s (IMF’s) Statistics Department (STA) visited Djibouti during March 4-11, 2018, to provide technical assistance (TA) on the financial soundness indicators (FSIs). The main objectives of the mission were to: (1) ensure that the source data were adequate for the compilation of the FSIs; (2) assist the CBD in the compilation of the FSIs on the basis of the international standards set out in the IMF’s Financial Soundness Indicators Compilation Guide (FSI Guide); (3) guide the staff of the CBD in the preparation of the FSI metadata in line with the IMF metadata forms; and (4) agree with the Banking Supervision Unit (BSU) on an action plan for the production of the FSIs and their regular reporting to STA.

scholarly journals Republic of Moldova

2019 ◽  
Vol 19 (284) ◽  
Author(s):  
Keyword(s):  
Decision Making ◽  
Policy Analysis ◽  
Technical Assistance ◽  
Action Plan ◽  
Capacity Development ◽  
Republic Of Moldova ◽  
Source Data ◽  
Financial Soundness ◽  
National Bank ◽  
Partnership Program

With the support of the International Monetary Fund’s (IMF’s) European Department (EUR), the IMF’s Statistics Department (STA) conducted a financial soundness indicators (FSIs) technical assistance (TA) mission in Chisinau, Moldova, during March 18 29, 2019, to improve Moldova’s FSI compilation. The mission was financed by Netherlands Capacity Development Partnership Program. The mission worked with staff of the National Bank of Moldova (NBM) (i) to review available source data for deposit takers (DTs) and other sectors including other financial corporations (OFCs); and (ii) to review the current FSIs compiled by the NBM with a view to ensure methodological consistency of the FSI compilation with the IMF’s FSI Compilation Guide 2006 (FSI Guide). In collaboration with staff of the NBM, the mission delivered these objectives and agreed with the authorities on an action plan to improve FSIs in Moldova. The improvement of FSIs contributes to enhancement of policy analysis and decision-making by the NBM.

scholarly journals From Basel I to Basel III

2019 ◽  
Vol 19 (127) ◽  
Author(s):  
Caio Ferreira ◽  
Nigel Jenkinson ◽  
Christopher Wilson
Keyword(s):  
Financial Institutions ◽  
Business Models ◽  
Technical Assistance ◽  
Developing Economies ◽  
Committee Member ◽  
Regulatory Reform ◽  
International Standards ◽  
Banking Supervision ◽  
Financial Systems ◽  
Basel Committee

Developing economies can strengthen their financial systems by implementing the main elements of global regulatory reform. But to build an effective prudential framework, they may need to adapt international standards taking into account the sophistication and size of their financial institutions, the relevance of different financial operations in their market, the granularity of information available and the capacity of their supervisors. Under a proportionate application of the Basel standards, smaller institutions with less complex business models would be subject to a simpler regulatory framework that enhances the resilience of the financial sector without generating disproportionate compliance costs. This paper provides guidance on how non-Basel Committee member countries could incorporate banks’ capital and liquidity standards into their framework. It builds on the experience gained by the authors in the course of their work in providing technical assistance on—and assessing compliance with—international standards in banking supervision.

scholarly journals Kenya

2020 ◽  
Vol 20 (30) ◽  
Author(s):  
Keyword(s):  
Decision Making ◽  
Policy Analysis ◽  
Central Bank ◽  
Technical Assistance ◽  
Action Plan ◽  
The Other ◽  
Insurance Companies ◽  
Money Market Funds ◽  
Standardized Report ◽  
Credit Cooperatives

A monetary and financial statistics (MFS) technical assistance (TA) mission visited Nairobi, Kenya, during December 3–14, 2018.1 The main objectives of the mission were to work with staff of the Central Bank of Kenya (CBK) to (i) review the implementation of the recommendations made by the MFS mission in January 2017; (ii) review the expanded coverage of the standardized report form for other depository corporations (SRF 2SR) including savings and credit cooperatives (SACCOs), microfinance banks (MFBs), and money market funds (MMFs); (iii) review the standardized report form for other financial corporations (SRF 4SR) comprising insurance companies and pension funds; (iv) review the adequacy of the available data for the remaining institutions in the other financial corporations (OFCs) subsector and adaptation of reporting forms to allow the expansion of the coverage of SRF 4SR; and (v) provide three-day training on the compilation of MFS for staff of the CBK and other financial sector regulatory authorities. In collaboration with staff of the CBK, the mission delivered these objectives and agreed with the authorities on an action plan to improve MFS in Kenya. The improvement of MFS contributes to enhancement of policy analysis and decision-making by the CBK.

scholarly journals Guinea- Bissau

2020 ◽  
Vol 20 (312) ◽  
Author(s):  
Keyword(s):  
West Africa ◽  
Central Bank ◽  
Technical Assistance ◽  
West African ◽  
Guinea Bissau ◽  
The Government ◽  
External Sector ◽  
The Imf

A technical assistance (TA) mission on external sector statistics (ESS) visited Guinea-Bissau during February 3 to 7, 2020. The mission was conducted in Bissau at the request of the National Directorate for Guinea-Bissau of the Central Bank of West African States (BCEAO-DNGB). The mission assisted in improving the quality of ESS. This was the fourth and final mission under the JSA-AFR project for improving ESS in 17 francophone countries of Central and West Africa, financed by the government of Japan and administered by the IMF.

scholarly journals The Federal Democratic Republic of Ethiopia

2020 ◽  
Vol 20 (323) ◽  
Author(s):  
Keyword(s):  
Banking Sector ◽  
Technical Assistance ◽  
Democratic Republic ◽  
Regulatory Frameworks ◽  
Source Data ◽  
Foreign Currencies ◽  
Travel Restrictions ◽  
Financial Soundness ◽  
Reporting Templates ◽  
National Bank

The International Monetary Fund’s (IMF’s) Statistics Department (STA) provided technical assistance (TA) on financial soundness indicators (FSI) to the National Bank of Ethiopia (NBE) during June 15-July 10, 2020. The TA mission took place in response to a request from the authorities, with the support of the IMF’s African Department (AFR). Due to the COVID-19 pandemic and travel restrictions, the mission was conducted remotely via video conferences. The mission worked with the staff of the NBE on the development of FSIs that are in line with the IMF’s 2019 FSI Guide.1 The main objectives of the mission were to: (i) review the source data, institutional coverage, and accounting and regulatory frameworks supporting the compilation of FSIs; (ii) provide guidance for mapping source data for the banking sector to the FSI reporting templates FS2 and FSD as well as preparing the metadata; and (iii) agree with the authorities on the timeline to begin regular reporting of the FSIs for deposit-takers to STA. The mission also provided technical assistance to the NBE on the compilation of net open positions in foreign currencies.

scholarly journals Republic of Uzbekistan

2020 ◽  
Vol 19 (15) ◽  
Author(s):  
Keyword(s):  
Middle East ◽  
Central Bank ◽  
Technical Assistance ◽  
Data Dissemination ◽  
International Financial Statistics ◽  
Complete Coverage ◽  
Standardized Report ◽  
Historical Series ◽  
Financial Soundness

At the request of the Central Bank of Uzbekistan (CBU), and with the support of the IMF’s Middle East and Central Asia Department (MCD), a monetary and financial statistics (MFS) technical assistance (TA) mission visited Tashkent, Uzbekistan, during July 17–August 2, 2019. Its main objectives were to assist the authorities in (i) introducing a country page for Uzbekistan in International Financial Statistics (IFS) with data for the central bank and other depository corporations (ODCs) based on the standardized report forms (SRFs), with complete coverage of the sector and in line with the methodology of the Monetary and Financial Statistics Manual and Compilation Guide (MFSMCG); (ii) producing historical series for the central bank and ODC surveys based on SRFs; (iii) developing an integrated monetary database (IMD), which can be used by the authorities for data dissemination and data reporting to the IMF for publication in IFS and surveillance purposes; (iv) working towards the compilation of a quarterly other financial corporations (OFC) survey; (v) reconciling monetary and fiscal data; and (vi) reviewing the quality of Uzbekistan’s financial soundness indicators (FSIs) and expanding their list to the full set of core and additional FSIs for deposit takers (DTs).

scholarly journals Montenegro

2019 ◽  
Vol 19 (254) ◽  
Author(s):  
Keyword(s):  
Central Bank ◽  
Technical Assistance ◽  
The Other ◽  
Methodological Issues ◽  
Standardized Report ◽  
Standard Report ◽  
Joint Plan ◽  
The Imf

At the request of the Central Bank of Montenegro (CBCG), and with the support of the IMF’s European Department (EUR), a monetary and financial statistics (MFS) technical assistance (TA) mission visited Podgorica, Montenegro during December 5–19, 2018.1 Its main objectives were to work with the authorities on: (i) compiling monetary data based on the IMF standardized report forms (SRF), 1SR and SRF 2SR, for the depository corporations (DC);(ii) reviewing the adequacy of the available data for the other financial corporations (OFCs) and preparing the ground work for the compilation of monetary data for OFCs based on the IMF standard report form, SRF 4SR; and (iii) designing a joint plan for regular reporting of monetary statistics to the IMF’s Statistics Department (STA). The mission also aimed at addressing any other methodological issues on MFS that CBCG staff may wish to raise. The mission delivered all these objectives.

scholarly journals New Zealand

2019 ◽  
Vol 19 (163) ◽  
pp. 1
Author(s):  
Keyword(s):  
New Zealand ◽  
Central Bank ◽  
Technical Assistance ◽  
Historical Data ◽  
The Other ◽  
The Past ◽  
Standardized Report ◽  
Reserve Bank ◽  
Source Data

At the request of the Reserve Bank of New Zealand (RBNZ), and with the support of the IMF’s Asia & Pacific Department (APD), a monetary and financial statistics (MFS) technical assistance (TA) mission visited Wellington, New Zealand during October 1–12, 2018.1 The mission’s main objectives were to assist the RBNZ to: (i) complete the central bank Standardized Report Form (SRF 1SR); (ii) review the source data and bridge table used to produce Other Depository Corporations (ODCs) Standardized Report Form (SRF 2SR);(iii) assist the RBNZ to produce additional historical data in the SRFs 1SR and 2SR for the past five years; (iv) review the available source data for the compilation the Other Financial Corporations (OFCs) Standardized Report Form (SRF 4SR); (v) prepare metadata for the central bank, ODC, and OFC surveys; and (vi) agree on a timetable for RBNZ’s SRF-reporting of its MFS.

Peaks and Troughs

2019 ◽  
pp. 58-98 ◽  
Author(s):  
Donato Masciandaro ◽  
Davide Romelli
Keyword(s):  
Political Economy ◽  
Central Bank ◽  
Institutional Design ◽  
Theoretical Perspective ◽  
Central Bank Independence ◽  
Banking Supervision ◽  
Macroeconomic Shocks ◽  
Increasing Trend ◽  
The 2008 Financial Crisis ◽  
Exchange Rate Shocks

This chapter investigates the endogenous evolution of central bank institutional design over the past four decades. From a theoretical perspective, it employs a stylized political economy model to highlight some key determinants of the level of central bank independence as a function of macroeconomic shocks and political economy characteristics of countries. It then employs recently developed dynamic indices of central bank design to describe the evolution of central bank independence over the period 1972–2014. In a sample of sixty-five countries, it shows that the increasing trend in central bank independence during 1972–2007 has been reversing after the 2008 financial crisis, mainly due to significant changes to the roles of central banks in banking supervision. The authors find that this evolution can be related to several macroeconomic shocks, such as inflationary, fiscal, and exchange-rate shocks.

MONETARY POLICY AND FINANCIAL INTERMEDIATION IN BASEL III: GLOBAL TRENDS

2019 ◽  
Vol 4 (3) ◽  
pp. 39-47
Author(s):  
Larysa BATIUK
Keyword(s):  
Monetary Policy ◽  
Central Bank ◽  
Federal Reserve ◽  
Global Economy ◽  
Financial Intermediation ◽  
Macroeconomic Fluctuations ◽  
Basel Iii ◽  
Banking Supervision ◽  
Basel Committee ◽  
Real Wealth

Introduction. The article deals with the peculiarities of the transmission mechanism of monetary policy in the implementation conditions of the Basel Committee requirements on Banking Supervision "Basel III". The problem of the mechanism violation of the classical monetary multiplier, the imbalance of the monetary circulation system, the frequency increase of debt defaults and the amplitude of macroeconomic fluctuations in the global economic system are marked as a study result of the effects of the credit mitigation policy conducted by the US Federal Reserve amid the global financial crises of the last decade and changes in the nature of financial intermediation based on the synthesis of asset securitization and structured finance instruments. The purpose of this article is to investigate changes in monetary policy and financial intermediation in the implementation context of the Basel Committee on Banking Supervision Basel III as a source of imbalance in the global economy. Research methodology. The system method, method of scientific abstraction, methods of analysis and synthesis, statistical, comparison, generalization, scientific prediction were used. Results. The article deals with the implications of implementing the Basel Committee on Banking Supervision Basel I and Basel II in the area of monetary policy and financial intermediation; peculiarities of monetary multiplier mechanism operation in modern conditions are revealed; the possible consequences of implementing Basel III requirements for the mechanism of monetary supply formation in the world economy are analysed; the change in the role of gold as monetary metal in central bank foreign exchange reserves and the implications of these changes in terms of price dynamics and the distribution of real wealth in the global economy are examined. Conclusions. It is proposed to consider the requirements of the Basel Committee on Banking Supervision "Basel III" as such, which will exacerbate the volatility of global financial markets, increase the likelihood of increasing the frequency of debt defaults and, given the possibility of using gold as a means of redistribution of real wealth in the global economy, will cause an increase in the amplitude of macroeconomic fluctuations. Keywords: monetary policy; financial intermediation; the central bank; US Federal Reserve; Basel III; bank capital structure, monetary base; money multiplier, correspondent accounts; money supply; monetary gold; global economy.

Sign in / Sign up

Export Citation Format

Share Document