scholarly journals Thailand

2019 ◽  
Vol 19 (309) ◽  
Author(s):  
Keyword(s):  
Financial Stability ◽  
Banking Sector ◽  
Financial Sector ◽  
Policy Framework ◽  
Medium Term ◽  
External Imbalances ◽  
Assessment Program ◽  
Fiscal Management

Thailand’s robust policy framework and ample buffers continue to underpin its resilience to external headwinds. The authorities have taken measures to strengthen medium-term fiscal management and financial stability. The recent Financial Sector Assessment Program (FSAP) concluded that financial vulnerabilities appear to be contained and that the banking sector is resilient to severe shocks. At the same time, long-standing domestic and external imbalances persist, leaving the economy vulnerable to the global slowdown and trade tensions.

Integrating Stability Assessments Under the Financial Sector Assessment Program into Article IV Surveillance - Revised Proposed Decision

Policy Papers ◽  
2010 ◽  
Vol 2010 (81) ◽  
Author(s):  
Keyword(s):  
Financial Stability ◽  
Financial Sector ◽  
Policy Framework ◽  
Stability Assessment ◽  
Economic Stability ◽  
Financial Policies ◽  
Assessment Program ◽  
Exchange Rate Movements ◽  
Potential Impact ◽  
Near Term

Recognizing the important impact that a member’s domestic economic and financial policies can have on systemic stability, Article IV of the IMF’s Articles of Agreement establishes obligations for members respecting the conduct of these policies, including their financial sector policies. An examination of members’ financial sector policies is important in all cases of bilateral surveillance, and three quarters of the Fund’s membership has already undergone a financial stability assessment. With this Decision, the Fund decides that, taking into account the framework described above and the overall purpose of surveillance, heightened scrutiny should be given in bilateral surveillance to the financial sector policies of those members whose financial sectors are systemically important, given the risk that domestic and external instability in such countries will lead to particularly disruptive exchange rate movements and undermine systemic financial and economic stability. The mandatory financial stability assessments undertaken under this Decision will consist of the following elements: a) an evaluation of the source, probability, and potential impact of the main risks to macro-financial stability in the near-term for the relevant financial sector; b) an assessment of the authorities’ financial stability policy framework; and c) an assessment of the authorities’ capacity to manage and resolve a financial crisis should the risks materialize.

Standards and Codes - Implementing the Fund's Medium-Term Strategy and the Recommendations of the 2005 Review of the Initiative

Policy Papers ◽  
2006 ◽  
Vol 2006 (36) ◽  
Author(s):  
Keyword(s):  
World Bank ◽  
Technical Assistance ◽  
Financial Sector ◽  
Executive Directors ◽  
Medium Term ◽  
Assessment Program ◽  
Use Of Resources

This paper informs Executive Directors of the operational changes that are being made to the Fund’s work on Standards and Codes, to implement the Fund’s Medium-Term Strategy (MTS) and the recommendations of the 2005 IMF-World Bank review of the Standards and Codes Initiative. The changes aim at improving (i) the country coverage and prioritization of Reports on the Observance of Standards and Codes (ROSCs) to make more efficient use of resources, (ii) the integration of ROSCs with Fund surveillance and technical assistance, for a better use of ROSC findings and greater support of reform efforts, and (iii) the clarity and timeliness of ROSCs. The paper focuses on the actions that are being taken and does not elaborate on the rationales for the corresponding recommendations, which were discussed by Directors in the context of the MTS and 2005 Review. The actions being taken are summarized in Table 1. Many of the actions do not apply to ROSCs carried out under the aegis of the Financial Sector Assessment Program (FSAP), which are typically subject to a separate set of procedures under the FSAP, or to financial sector ROSCs of Offshore Financial Centers, which are conducted separately. According to the proposals in the MTS, the next review of the Standards and Codes Initiative would take place in 2010.

Mandatory Financial Stability Assessments Under the Financial Sector Assessment Program - Update

Policy Papers ◽  
2013 ◽  
Vol 2013 (94) ◽  
Author(s):  
Keyword(s):  
World Bank ◽  
Financial Stability ◽  
Emerging Market ◽  
Low Frequency ◽  
Financial Sector ◽  
Executive Board ◽  
Assessment Program ◽  
The World Bank ◽  
The World ◽  
The Stability

In September 2010, the Executive Board made financial stability assessments under the Financial Sector Assessment program (FSAP) a regular and mandatory part of bilateral surveillance under Article IV for jurisdictions with systemically important financial sectors. This decision recognized that although financial sector issues were at the core of the Fund’s surveillance mandate, the FSAP as designed in the late 1990s had severe limitations as a tool. Voluntary participation, the low frequency of assessments, and their very broad coverage (particularly in emerging market and developing countries, where assessments are typically conducted jointly with the World Bank) limited the usefulness of the FSAP for surveillance. Building on the revamp of the FSAP during the 2009 program review that delineated the institutional responsibilities of the Fund and the World Bank and defined the content of the stability assessment under the FSAP, the Executive Board took the next step in 2010 to make these stability assessments mandatory every five years for members with systemically important financial sectors

scholarly journals Switzerland

2019 ◽  
Vol 19 (189) ◽  
pp. 1
Author(s):  
Keyword(s):  
Stress Testing ◽  
Banking Sector ◽  
Financial Sector ◽  
Technical Note ◽  
Assessment Program

Financial Sector Assessment Program; Technical Note-Stress Testing the Banking Sector

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