Review of the Financial Sector Assessment Program - Further Adaptation to the Post-Crisis Era - Background Studies - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Review of the Financial Sector Assessment Program - Further Adaptation to the Post-Crisis Era - Background Studies write by International Monetary Fund. Monetary and Capital Markets Department. This book was released on 2014-08-18. Review of the Financial Sector Assessment Program - Further Adaptation to the Post-Crisis Era - Background Studies available in PDF, EPUB and Kindle. The past five years have seen an expansion of the scope of FSAPs to assess countries' macroprudential policy (MaPP) frameworks. This note documents this increase and offers some suggestions on how the treatment of MaPP issues in FSAPs can be further strengthened and better integrated into the overall financial stability assessment.
Review of the Financial Sector Assessment Program—Further Adaptation to the Post-Crisis Era
Review of the Financial Sector Assessment Program—Further Adaptation to the Post-Crisis Era - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Review of the Financial Sector Assessment Program—Further Adaptation to the Post-Crisis Era write by International Monetary Fund. This book was released on 2014-08-18. Review of the Financial Sector Assessment Program—Further Adaptation to the Post-Crisis Era available in PDF, EPUB and Kindle. The Financial Sector Assessment Program (FSAP), established in 1999, is an in-depth assessment of a country’s financial sector. It is an important element of the Fund’s surveillance and provides input to the Article IV consultations. In developing and emerging market countries, FSAP assessments are usually conducted jointly with the World Bank and include two components: a financial stability assessment (the main responsibility of the Fund) and a financial development assessment (the main responsibility of the World Bank). Each FSAP concludes with the preparation of a Financial System Stability Assessment (FSSA), which focuses on issues of relevance to IMF surveillance and is discussed by the IMF Executive Board normally together with the country’s Article IV staff report. Since the program’s inception, 144 member countries have requested and undergone FSAPs, most of them more than once. In recent years, the Fund has been conducting 14–16 FSAPs per year at an annual cost of US$13–15 million. The last review of the FSAP in 2009, in the aftermath of the global financial crisis, introduced a number of far-reaching reforms that have clarified the responsibilities of the Fund and the Bank in developing and emerging market countries, where assessments usually take place jointly, established institutional accountability, strengthened the analytical focus and coverage of FSAPs, and introduced the option of modular assessments that has afforded the Fund and national authorities greater flexibility on the scope and timing of assessments. In 2010, the financial stability assessment under the FSAP in 25 jurisdictions with financial sectors deemed by the Fund to be systemically important became a mandatory part of Article IV surveillance, expected to take place every five years. The list was expanded to 29 jurisdictions in 2013. For all other jurisdictions, FSAP participation continues to be voluntary.In 2010, the financial stability assessment under the FSAP in 25 jurisdictions with financial sectors deemed by the Fund to be systemically important became a mandatory part of Article IV surveillance, expected to take place every five years. The list was expanded to 29 jurisdictions in 2013. For all other jurisdictions, FSAP participation continues to be voluntary.
IEO Evaluation Report
IEO Evaluation Report - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook IEO Evaluation Report write by International Monetary Fund. Independent Evaluation Office. This book was released on 2019-02-06. IEO Evaluation Report available in PDF, EPUB and Kindle. In response to the Global Financial Crisis, the IMF launched many initiatives to strengthen financial surveillance and better advise member countries of vulnerabilities and risks. While these initiatives have not yet been tested by a major crisis, the efforts have delivered a substantial upgrade of the Fund’s financial surveillance, including giving the IMF clearer responsibilities over financial sector stability and cross-country spillovers; making periodic financial stability assessments mandatory for jurisdictions with systemically important financial sectors; invigorating efforts to integrate financial and macroeconomic analysis in bilateral and multilateral surveillance; enhancing cooperation with the Financial Stability Board and standard setting bodies to promote reforms and monitor agreed standards; and taking steps to recruit and train greater financial expertise. While recognizing these achievements, this evaluation finds that the quality and impact of the IMF’s financial surveillance has been uneven. The expansion of products and activities has presented the Fund with difficult trade-offs between bilateral and multilateral surveillance; between countries with systemically important financial sectors and other member countries; and between financial surveillance and other activities. Moreover, resource constraints have slowed the needed build-up of financial and macrofinancial expertise. These are critical issues, given the IMF’s position as the only international financial institution with the mandate and ability to conduct financial and macrofinancial surveillance over the full range of countries as well as the global economy, and given that these issues are at the core of the IMF’s responsibilities. Thus, to further strengthen financial surveillance, the evaluation recommends devoting greater resources to financial surveillance overall; further strengthening financial and macrofinancial analysis in Article IV surveillance; refining resource allocation for FSAPs; enhancing rigor and transparency in multilateral surveillance; intensifying efforts to be a global center of excellence on financial and macrofinancial research; and extending efforts to develop financial expertise among IMF staff.
IMF Response to the Financial and Economic Crisis
IMF Response to the Financial and Economic Crisis - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook IMF Response to the Financial and Economic Crisis write by International Monetary Fund. Independent Evaluation Office. This book was released on 2015-01-15. IMF Response to the Financial and Economic Crisis available in PDF, EPUB and Kindle. This evaluation assesses the IMF’s response to the global financial and economic crisis, focusing on the period September 2008 through 2013. It assesses the IMF’s actions to help contain the crisis and navigate a global recovery, assist individual economies to cope with the impact of the crisis, and identify and warn about future risks.
Financial Sector Assessment Program - Review, Lessons, and Issues Going Forward
Financial Sector Assessment Program - Review, Lessons, and Issues Going Forward - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Financial Sector Assessment Program - Review, Lessons, and Issues Going Forward write by International Monetary Fund. This book was released on 2005-02-22. Financial Sector Assessment Program - Review, Lessons, and Issues Going Forward available in PDF, EPUB and Kindle. This paper reports on developments in the Financial Sector Assessment Program (FSAP) since the last Board review of the FSAP in spring 2003 and discusses staff views of the programs evolution.
