Narrow Your Choices

Refine By Countries

Refine By Topic

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Books and Analytical Papers > IMF Staff Country Reports

You are looking at 1 - 7 of 7 items for :

  • Type: Journal Issue x
  • Islamic Banking and Finance x
Clear All Modify Search
Cover IMF Staff Country Reports
Somalia: Technical Assistance Report-Bank Supervision and Regulation
International Monetary Fund. Monetary and Capital Markets Department
The purpose of the missions of Phase I was to develop a functional central bank, including establishing a modern banking supervisory regime. Especially, MCM provided TA missions under the Phase I that have focused on operationalizing banking license capacity, development of on and offsite supervisory capability, and other relevant areas.
Keywords:
risk rating system; audit report; bank ownership; Somali bank; banks in Somalia; bank's governance; CBS management; CBS directive; Mobile banking; Islamic banking; Bank licensing; Commercial banks; Bank regulation
Cover IMF Staff Country Reports
Malaysia: Selected Issues
International Monetary Fund. Asia and Pacific Dept
This Selected Issues paper investigates impact of financial technology (FinTech) on Malaysia’s financial sector. Malaysia is digitally enabled to seize the opportunities brought by FinTech. Malaysian banks continue to dominate in deposits, lending and capital raising, but they have been gradually reducing their emphasis on physical distribution networks. The top five Malaysian banks have increased their technology-related spending over the past three years. Regulators have been mindful of developments outside of the traditional regulatory perimeter that could pose financial stability risks. Rapidly evolving technology is likely to bring multiple challenges to the financial sector. Regulatory requirements are an important component of operating in the FinTech space. Regulators must strike a balance between ensuring financial stability and consumer protection, while promoting innovation and competition. In order to address the lack of regulatory acumen among FinTech industry players, Bank Negara Malaysia has spearheaded various initiatives. A key challenge for Malaysian regulators is to strike a balance between reaping the benefits of FinTech and mitigating potential downside risks in both conventional and Islamic finance. Frequent refinements to regulations and supervision are required to keep pace with the highly dynamic nature of FinTech to balance benefits and risks.
Keywords:
ISCR; CR; firm; FinTech Association of Malaysia; start-up; Malaysia; tech company; Islamic FinTech; Co-working space; FinTech in Malaysia; Fintech firm; bank-Fintech partnership; Fintech; Digital currencies; Islamic finance; Mobile banking; Southeast Asia; Global; Asia and Pacific
Cover IMF Staff Country Reports
Kuwait: Financial System Stability Assessment
International Monetary Fund. Monetary and Capital Markets Department
This Financial System Stability Assessment paper discusses that Kuwait’s limited economic diversification is directly reflected in the bank-centric financial sector. Banks have high concentrations to single borrowers, large depositors, and sectors, as well as significant common exposures. Risks to the financial sector are mostly external, stemming from oil price shocks, geopolitical tensions, and global financial developments. The risks are mitigated by sizeable sovereign financial assets, and by the ability of public entities to provide liquidity through large deposits. Stress tests suggest that banks are resilient to a wide range of shocks. The newly developed regulatory framework for capital market participants and products is an important step, but some gaps remain. The authorities have made important progress in strengthening the macroprudential framework. The crisis management framework and financial safety net arrangements should be strengthened and further operationalized. The diversification and resilience of the economy is expected to benefit from better financial inclusion of small-and-medium enterprises.
Keywords:
ISCR; CR; banking sector; central bank; liquidity ratio; capital market; financial system; CBK well; risk profile; Shariah board; market operation; CBK monetary policy framework; CBK bill; liquidity coverage ratio; CBK power; Financial sector stability; Islamic banking; Commercial banks; Capital markets; Global; Middle East; North Africa; East Africa
Cover IMF Staff Country Reports
Multi-Country Report: Ensuring Financial Stability in Countries with Islamic Banking-Case Studies-Press Release; Staff Report
International Monetary Fund. Middle East and Central Asia Dept.
This paper presents country experiences with reforms to strengthen regulatory oversight of the Islamic banking sector. Based on the selected country experiences, a number of important lessons and policy options can be drawn that have implications for the stable and sound development of Islamic banking. An enabling regulatory and institutional framework and a level playing field for conventional and Islamic banks is critical for the sound and stable growth of the Islamic banking industry. The country experiences also underscore the importance of providing an enabling framework while letting market forces determine the size of the industry.
Keywords:
ISCR; CR; central bank; conventional bank; IB sector; IB industry; IB products; profit sharing; IB assets; Islamic banking; Liquidity management; Deposit insurance; Liquidity; Global; Middle East
Cover IMF Staff Country Reports
Malaysia: Financial Sector Assessment Program Stress Testing the Malaysian and Labuan IBFC Banking Sectors-Technical Note
International Monetary Fund. Monetary and Capital Markets Department
This paper summarizes the stress tests (ST) undertaken for the Malaysian banking system as part of the Financial Sector Assessment Program (FSAP). All banks were subject to solvency, liquidity and contagion tests in the macroeconomic stress testing set-up. The solvency tests assessed the resilience of the Malaysian banking system under three macroeconomic scenarios from 2012 to 2016. Single year bottom up (BU) sensitivity tests for Malaysian banks covered various single-factor credit and market risk shocks. A multi-factor BU sensitivity liquidity test was also carried out by participating banks and extended to not only key onshore banks but covered some Labuan entities and overseas subsidiaries. The findings suggest that the onshore banking system in Malaysia has substantial capital buffers to absorb credit losses on its credit risk exposures. Conventional banks can benefit from buffers provided by significant income as a first line of defense against credit losses. Some larger domestic banks benefit from income in terms of strong revenues from domestic operations as well as potential income from overseas operations.
Keywords:
ISCR; CR; banking system; Islamic bank; credit risk; Malaysian bank; bank solvency; banking group; risk profile; credit risk parameter; BU bank data; parent bank; solvency deterioration; Commercial banks; Stress testing; Islamic banking; Investment banking; Global
Cover IMF Staff Country Reports
Malaysia: Financial Sector Assessment Program Financial Sector Performance, Vulnerabilities and Derivatives-Technical Note
International Monetary Fund. Monetary and Capital Markets Department
This Technical Note focuses on financial sector performance, vulnerabilities, and derivatives in Malaysia. The note highlights that banking sector has undergone consolidation while competition has increased following measures implemented under the Financial Sector Master Plan 2001–2010. Malaysian banks are presently well capitalized with comfortable Tier 1 capital ratios. Stronger financial positions and risk management capability have enabled domestic banking groups to pursue overseas expansions, mostly within the region. The importance to some banks of overseas assets and earnings is reaching levels which, based on international experience, warrant a review of internal controls.
Keywords:
ISCR; CR; equity capital; banking sector; bank lending; banking system; financial system; interest rate; plain vanilla; unit trust; Islamic bank; return on equity; Commercial banks; Islamic banking; Credit; Loans; Nonperforming loans; Global; Asia and Pacific
Cover IMF Staff Country Reports
United Arab Emirates: Financial System Stability Assessment
International Monetary Fund
This Financial System Stability Assessment on the United Arab Emirates (UAE) examines macroeconomic and financial sector developments. The banking sector as a whole shows comfortable levels of capitalization and profits, having benefited from the rapid expansion of the economy and a steady decline in the ratio of nonperforming loans (NPLs) to total loans. Although mortgages still account for a relatively small part of bank loan portfolios, the indirect exposure could be significant. Some financial institutions’ lending standards also may be weakening as they compete for new business in mortgage lending.
Keywords:
ISCR; CR; CBU Board; market; firm; DIFC bank; U.A.E. property market; intervention strategy; bank secrecy law; bank assets; U.A.E bank; U.A.E insurance sector; U.A.E. banking sector; central bank; GCC bank; Commercial banks; Loans; Stock markets; Islamic banking; Global