Revised Approach to Financial Regulation and Supervision Standards Assessments in FSAP Updates

Policy Papers ◽  
2009 ◽  
Vol 09 ◽  
Author(s):  
Keyword(s):  
Quantitative Analysis ◽  
Financial Regulation ◽  
Financial System ◽  
Financial Sector ◽  
Developmental Needs ◽  
Policy Responses ◽  
Assessment Program ◽  
Regulation And Supervision ◽  
Financial Regulation And Supervision

The Financial Sector Assessment Program (FSAP) is a central instrument for the Fund and Bank to promote financial sector soundness in member countries. The FSAP uses quantitative analysis and qualitative tools to help identify the risks and vulnerabilities of a country’s financial system, ascertain the sector’s developmental needs, and prioritize policy responses. Detailed assessments of the observance of relevant financial sector standards and codes, and the associated Reports on Observance of Standards and Codes (ROSCs) have been an important component of the FSAP.

Guidance Note for Staff on Undertaking Targeted (Risk-Based) Reports on the Observance of Standards and Codes (ROSCs) in Financial Regulation and Supervision

Policy Papers ◽  
2010 ◽  
Vol 2010 (47) ◽  
Author(s):  
Keyword(s):  
World Bank ◽  
International Monetary Fund ◽  
Financial Regulation ◽  
Financial Sector ◽  
Assessment Program ◽  
Guidance Note ◽  
The World Bank ◽  
Regulation And Supervision ◽  
The World ◽  
The International Monetary Fund

In September 2009, the International Monetary Fund (IMF) and the World Bank (WB) Boards approved changes to the Financial Sector Assessment Program (FSAP) to (i) make it more flexible and better-aligned with country needs as well as IMF and WB financial sector priorities and core responsibilities; (ii) enhance the quality, candor, and comparability of assessments; and (iii) better-integrate FSAP analysis into the institutions’ evolving mandates.

A Macrofinancial Approach to Supervisory Standards Assessments

Policy Papers ◽  
2014 ◽  
Vol 2014 (68) ◽  
Author(s):  
Keyword(s):  
Financial Regulation ◽  
Financial Sector ◽  
International Standards ◽  
Regulation And Supervision ◽  
Standard Assessment ◽  
Financial Regulation And Supervision ◽  
Country Specific

Standards assessments serve several important objectives but are not well integrated into Fund surveillance. Financial standards assessments, when undertaken in the context of FSAPs, are used to identify weaknesses in financial regulation and supervision, or other areas covered by international standards. However, those weaknesses are not specifically linked to the risks and vulnerabilities facing the financial sector. Conversely, the analysis of country-specific vulnerabilities in the FSAP does not contribute to targeting the standard assessment effort, since the assessment must be exhaustive and cover the entire standard.

scholarly journals Italy

2020 ◽  
Vol 20 (238) ◽  
Author(s):  
Keyword(s):  
Financial Crisis ◽  
Euro Area ◽  
Financial Regulation ◽  
Global Financial Crisis ◽  
Financial System ◽  
Financial Sector ◽  
Assessment Program ◽  
Substantial Progress ◽  
The Global Financial Crisis ◽  
Asset Quality

The Financial Sector Assessment Program (FSAP) took place against the backdrop of an ongoing recovery of the financial system. Since the global financial crisis (GFC), financial regulation has been substantially enhanced by the implementation of euro area-wide (EA-wide) regulatory and supervisory frameworks. Furthermore, the Italian authorities have implemented important measures that improved governance, facilitated capitalization, raised prudential requirements, and improved asset quality. In response, Italian banks have made substantial progress tackling legacy non-performing loans (NPLs) and improving solvency ratios.

Offshore Financial Centers - The Assessment Program - A Progress Report

Policy Papers ◽  
2006 ◽  
Vol 2006 (58) ◽  
Author(s):  
Keyword(s):  
Financial System ◽  
Financial Sector ◽  
Progress Report ◽  
Second Phase ◽  
Executive Directors ◽  
Assessment Program ◽  
International Financial System ◽  
Standard Component ◽  
Financial Center ◽  
Sector Work

This paper updates Executive Directors on the progress since February 2005 in implementing the second phase of the offshore financial center (OFC) program as agreed in November 2003 (see PIN No. 03/138 at http://www.imf.org). At that time, Directors recognized that OFCs could pose prudential and financial integrity risks to the international financial system. In this context, Directors agreed that the monitoring of OFCs' activities and their compliance with supervisory and integrity standards should become a standard component of the financial sector work of the Fund. They also requested periodic updates on the progress with implementation of the program. Earlier updates were provided in March 2004 (Offshore Financial Centers—The Assessment Program—An Update) and February 2005 (Offshore Financial Centers—The Assessment Program—A Progress Report). With the completion of the first round of assessments, staff have begun implementing the second phase of the program.

scholarly journals Republic of Kosovo

2020 ◽  
Vol 20 (217) ◽  
Author(s):  
Keyword(s):  
Balance Sheet ◽  
Financial System ◽  
Financial Sector ◽  
Assessment Program ◽  
Financial Soundness ◽  
The Imf

The FSSR mission team conducted a diagnostic review of CBK governance and of the financial system, undertook a stocktaking of the implementation of recommendations from the 2012 Financial Sector Assessment Program (FSAP) and MCM TA, and proposed a TA Roadmap to support the efforts of the authorities to address key gaps and vulnerabilities. The IMF Statistics Department (STA) supported the mission with an assessment of the compilation of financial soundness indicators (FSIs), monetary and financial statistics, and balance sheet matrices (Annex I).

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