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Law > Business and Financial

You are looking at 1 - 8 of 8 items for :

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Cover IMF Staff Country Reports
Nepal: Technical Assistance Report—Financial Sector Stability Review
International Monetary Fund. Statistics Dept. and International Monetary Fund. Monetary and Capital Markets Department
This Technical Assistance (TA) paper on Nepal highlights the financial sector stability review. The mission conducted a diagnostic review of the financial sector oversight capacity and proposed a Technical Assistance Roadmap (TARM) to support the authorities’ efforts to strengthen the identification, analysis, and mitigation of risks to financial stability in Nepal. The Nepal Rastra Bank has developed its approach to supervision and continuing to strengthen its capacity will help improve the resilience of the banking sector. Payment systems modernization efforts have gained momentum, but further progress is needed to improve the safety and efficiency of payment systems to support monetary policy and financial stability. Financial sector statistics in Nepal have scope for improvement. Currently, the monetary and financial statistics cover the central bank, and other depository corporations comprising of commercial banks, development banks, and finance companies, which accept deposits. The mission’s diagnostic review supports a TA plan. The main recommendations are summarized and the comprehensive TARM is provided in this paper.
Keywords:
working capital; Nepal FSSR TA roadmap; liquidity regulation; request of the Nepal Rastra Bank; NRB regulation; payment legislation; NRB senior management; IMF to IMF executive directors; IMF MCM; macro-financial risk; payment Systems Department; modernization effort; NRB staff; Payment systems; Stress testing; Real time gross settlement systems; Financial sector stability; Global
Cover IMF Staff Country Reports
Republic of Moldova: Financial System Stability Assessment: Update
International Monetary Fund
This paper discusses key findings of the Financial System Stability Assessment (FSSA) on Moldova. The assessment reveals that vulnerabilities of the financial sector appear to be manageable. Stress tests on likely scenarios do not indicate major vulnerabilities for the banking system as a whole. Since the 2004 Financial Sector Assessment Program, the National Bank of Moldova (NBM) has made progress in identifying bank owners, an issue then flagged as a major vulnerability, but other financial supervisors have been considerably less successful in this respect.
Keywords:
ISCR; CR; NBM; bank; interest rate; market; NBM Law; NBM certificate; transmission mechanism; NBM supervisor; payment system infrastructure; settlement bank; Core principle; NBM's bank; bank supervisor; NBM regulation; system infrastructure; Commercial banks; Payment systems; Insurance; Nonperforming loans; Western Europe; Global
Cover IMF Staff Country Reports
Rwanda: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, and the FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
International Monetary Fund
This paper analyzes Rwanda’s Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, and the Financial Action Task Force Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism. Rwanda’s economic performance is vulnerable to shocks, in particular a sharp fall in aid flows. The domestic financial sector still faces a poor environment with economic activity concentrated in a few sectors and a weak credit culture. There are serious shortcomings in the accounting and auditing systems and the institutional, legal, and judicial frameworks.
Keywords:
ISCR; CR; money market; foreign exchange; NBR payment systems unit; capital adequacy ratio; credit auction; NBR interest rate management; monetary policy; risk concentration; NBR law; lender-of-last resort facility; Credit; Financial sector; Commercial banks; Nonperforming loans; Africa
Cover IMF Staff Country Reports
Republic of Croatia: Report on the Observance of Standards and Codes-Banking Supervision, Payment Systems, and Securities Regulation—Update
International Monetary Fund
This paper presents an update to the report on the Observance of Standards and Codes on Banking Supervision, Payment Systems, and Securities Regulation for Croatia. The 2001 Financial Sector Assessment Program (FSAP) mission assessed Croatia’s compliance with the Basel Core Principles for Effective Banking Supervision (BCP). The results suggested that most of the core principles were either observed or broadly observed, the main exception being cooperation with foreign supervisory agencies, which was not possible under the then-existing legal framework.
Keywords:
ISCR; CR; bank; securities; payment; banking law; regulation; BCP assessment; bank secrecy requirements; investment company; Non-banks institution; CNB's bank supervision; CROSEC staff; oversight role; Financial Sector Assessment Program; Payment systems; Securities regulation; Securities markets
Cover IMF Staff Country Reports
Slovak Republic: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, Securities Regulation, Insurance Regulation, Corporate Governance, Payment Systems; and Summary Assessments of Insolvency and Credit Rights Systems and Anti-Money Laundering Practices
International Monetary Fund
This paper presents key findings of the Financial System Stability Assessment for the Slovak Republic, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, and Banking Supervision. Successful stabilization and an ambitious structural reform program since 1998 and the rehabilitation and privatization of the public banks in the Slovak Republic have produced a banking and financial sector that appears to be robust to a range of macroeconomic or financial sector shocks. Banking supervision is weak, but the National Bank of Slovakia has launched a medium-term program to strengthen it.
Keywords:
ISCR; CR; financial market; national bank; interest rate; monetary policy; banking sector; commercial bank; Payment systems; Commercial banks; Insurance companies; Bank supervision; Central and Eastern Europe; Eastern Europe
Cover IMF Staff Country Reports
The Republic of Latvia: Financial System Stability Assessment, including Reports on Observance of Standards and Codes on the following topics: Banking Supervision; Payment Systems; Securities Regulation; Insurance Regulation; Corporate Governance; and Monetary and Financial Policy Transparency
International Monetary Fund
This paper presents key findings of Latvia’s Financial System Stability Assessment, including Reports on Observance of Standards and Codes on Banking Supervision; Payment Systems; Securities Regulation; Insurance Regulation; Corporate Governance; and Monetary and Financial Policy Transparency. The assessment reveals that the banking system of Latvia is well capitalized, profitable, and liquid following its recovery from the effects of the Russian crisis in 1998. A notable feature of the financial system is the significant share of nonresident deposits and foreign equity in the banking system and nonresident investment in the securities market.
Keywords:
ISCR; CR; central bank; monetary policy; joint stock; exchange rate; foreign exchange; investment funds; capital market; banking system; liquidity ratio; Payment systems; Insurance companies; Securities markets; Credit; Baltics
Cover IMF Staff Country Reports
Mexico: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency; Payment Systems; Banking Supervision; Securities Regulation; and Insurance Supervision
International Monetary Fund
This report reviews the main laws and regulations governing the Mexican financial system, and analyzes the financial system stability in Mexico. The study assesses the implementation of macroeconomic policies, the process of bank restructuring and consolidation, and sectoral and infrastructure factors. The paper also highlights the Observance of the Code of Good Practices on Transparency in Monetary and Financial Policies; Systemically Important Payment Systems; Basel Core Principle for Effective Banking Supervision; Insurance Supervisory Principles; and Objectives and Principles of Securities Regulation.
Keywords:
ISCR; CR; payment system; monetary policy; central bank; financial market; commercial bank; exchange rate; Payment systems; Legal support in revenue administration; Commercial banks; Credit
Cover IMF Staff Country Reports
Israel: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency; Banking Supervision; Securities Supervision; and Payments Systems
International Monetary Fund
The recent government administrations and the Bank of Israel (BOI) are determined to obtain and preserve a stable currency and macroeconomic environment, in addition to deepening the financial sector. The BOI plays a key role in liquidity management and absorbing liquidity shocks owing to the uneven development of financial markets. The paper summarizes assessment of Israel's observance of financial sector supervision standards and codes. Israel has relatively well-developed, capable, and transparent financial sector supervision and monetary policy formulation. Insurance and pension reform should be completed.
Keywords:
ISCR; CR; central bank; monetary policy; exchange rate; credit risk; interest rate; mutual fund; securities law; banking sector; Israeli bank; Bank supervision; Insurance; Payment systems; Securities; Global