Download or read book Sweden written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2016-11-17 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the findings of the Financial System Stability Assessment for Sweden. The Swedish financial system is large and highly interconnected, putting a premium on the accompanying policy framework. Relative to the size of the domestic economy, the financial system is among Europe’s largest. It features complex domestic and international linkages, reflecting Sweden’s role as a regional financial hub. However, the macrofinancial risks have grown since 2011, for example the rising share of highly indebted households. Stress tests also suggest that banks and nonbanks are largely resilient to solvency shocks, but concerns persist about the ability of bank models to capture unexpected losses.
Download or read book Sweden written by International Monetary Fund and published by International Monetary Fund. This book was released on 2002-08-07 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents key findings of Sweden’s Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, Securities Regulation, Insurance Regulation, and Payment Systems. The assessment reveals that Sweden has an advanced and overall sound financial system that complies well with international standards and codes. Sweden confronts an environment that is less benign than in recent years and one that poses a number of challenges both to banks themselves and to the regulators and supervisors.
Download or read book Barbados written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2014-02-12 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses key findings of the Financial System Stability Assessment Report on Barbados. Barbados has a relatively well-developed financial system, including a large offshore sector. The onshore system is dominated by large, regionally active banks. Banking services to the population are also provided by the credit union sector. With a deteriorating fiscal situation and weak growth prospects, Barbados faces considerable macroeconomic vulnerabilities. Although the financial system does not appear to be a source of immediate risk, its position appears to be deteriorating, with implications for systemic stability.
Download or read book France written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-11-03 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Financial System Stability Assessment on France reviews the institutional and regulatory framework. Consolidation among financial institutions has resulted in six large universal, vertically integrated banking groups having a strong position in the domestic market. Bank profitability has improved markedly over the past decade and is in line with average euro area levels. Systemic vulnerabilities in the important insurance sector are well contained. The government debt market is large, and the corporate debt market has been growing rapidly since the introduction of the euro.
Download or read book Denmark written by International Monetary Fund and published by International Monetary Fund. This book was released on 2006-10-05 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Financial System Stability Assessment of Denmark has been developed to identify the weakness in the financial sector structure and thereby enhance the resilience to macroeconomic shocks and cross-border contagion. This paper provides the overall stability assessment of the financial system and the autonomy and accountability of the Danish Financial Supervisory Authority (DFSA). It reviews the macroeconomic setting, financial structure and risks. The study also analyzes the financial markets, their structure and safety nets, and assesses financial supervision, standard assessments, and key recommendations to improve the Anti-Money Laundering and Combating the Financing of Terrorism (AML-CLT) system.
Download or read book Norway Financial System Stability Assessment including Reports on the Observance of Standards and Codes on the following topics Banking Supervision Insurance Regulation and Payment Systems written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2005-06-14 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents key findings of Norway's Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Banking Supervision, Insurance Regulation, and Payment Systems. Norway's financial system appears sound and well managed. Short-term vulnerabilities appear low overall, given improved macroeconomic conditions and historically low interest rates, coupled with generally prudent and transparent policies. Beyond the short term, however, rising household debt levels are the most important potential risk factor and will need to be watched closely.
Download or read book Luxembourg written by International Monetary Fund and published by International Monetary Fund. This book was released on 2002-06-17 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents Luxembourg’s Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, Securities Regulation, Insurance Regulation, and Payment Systems. Luxembourg’s financial sector is robust, efficient, and well supervised. No major weaknesses that could cause systemic risks were identified by the mission. The strength and efficiency of the financial sector is fully supported by the strong conformance by Luxembourg with international supervisory and regulatory standards and by the stress tests prepared under extreme assumptions.
Download or read book The Kingdom of the Netherlands Netherlands written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-09-29 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents findings of Financial System Stability Assessment for the Netherlands, including Reports on the Observance of Standards and Codes on Banking Supervision, Securities Regulation, Insurance Regulation, and Corporate Governance. Overall, the financial system is sound, resilient to potential adverse shocks, and well supervised. Risks both on the international front and domestically appear well within the capacity of the banks to manage them. The pensions sector, though still sensitive to significant equity price reversals, is in a rebuilding stage, underpinned by firm supervisory action.
Download or read book Republic of Slovenia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2001-09-18 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report on the Financial System Stability Assessment presents the main findings and overall assessment of the Republic of Slovenia's financial system. The paper analyzes the reports on the Observance of Standards and Codes on banking supervision, securities regulation, insurance supervision, and payment systems. The assessment confirms the strong supervisory standards attained in Slovenia, and noted the current absence of consolidated supervision and the regulatory gap governing investment guidelines for insurance companies, and the need for a strong financial system.
Download or read book Mauritius written by International Monetary Fund and published by International Monetary Fund. This book was released on 2003-10-14 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Financial System Stability Assessment of Mauritius assesses the standards and codes and the potential risks and vulnerabilities of the financial system. It summarizes the assessments of the standards and codes on the Basel Core Principles for effective banking supervision, systemically important payment systems, the IMF code of good practices on transparency in monetary and financial policies, and the antimoney laundering and combating the financing of terrorism. It provides input in formulating the overall assessment of financial stability, and an action plan in areas of nonobservance.
Download or read book Powering the Digital Economy Opportunities and Risks of Artificial Intelligence in Finance written by El Bachir Boukherouaa and published by International Monetary Fund. This book was released on 2021-10-22 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.
Download or read book The A to Z of Norway written by Jan Sjåvik and published by Scarecrow Press. This book was released on 2010-05-11 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the smallest countries in Europe, Norway has created for itself a position in the world community, which is completely out of proportion to the size of its population. Originally the home of sub-Arctic hunters and gatherers, then of ferocious Vikings, it lost perhaps half of its population to the Black Death in 1349, ended up in a union with Denmark that lasted until 1814, and then became united with Sweden, gaining complete independence only as recently as 1905. Over the centuries the Norwegians eked out a meager living from stony fields and treacherous seas while suffering through hunger, darkness, and cold, however, its recent productive use of such natural resources as hydroelectric power, natural gas, and oil has made the Norwegians some of the richest people in the world. The A to Z of Norway supplies a wealth of information that illuminates Norway's remarkable history, society, and culture. This is done through a chronology, a bibliography, an introductory essay, appendixes, and over 250 cross-referenced dictionary entries covering events and individuals of historical, political, social, and cultural significance. Both past and present political parties are discussed, major economic sectors are described, and basic economic facts are provided. Several entries describe the history and attractions of major Norwegian cities, and Norway's role in the international community is detailed as well providing a full portrait of this vibrant country.
Download or read book Germany written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2016-06-29 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper evaluates the risks and vulnerabilities of the German financial system and reviews both the German regulatory and supervisory framework and implementation of the common European framework insofar as it is relevant for Germany. The country is home to two global systemically important financial institutions, Deutsche Bank AG and Allianz SE. The system is also very heterogeneous, with a range of business models and a large number of smaller banks and insurers. The regulatory landscape has changed profoundly with strengthened solvency and liquidity regulations for banks (the EU Capital Requirements Regulation and Directive IV), and the introduction of macroprudential tools.
Download or read book Historical Dictionary of Norway written by Jan Sjåvik and published by Scarecrow Press. This book was released on 2008-03-11 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Historical Dictionary of Norway supplies a wealth of information that illuminates Norway's remarkable history, society, and culture. This is done through a chronology, a bibliography, an introductory essay, appendixes, and over 250 cross-referenced dictionary entries covering events and individuals of historical, political, social, and cultural significance. Both past and present political parties are discussed, major economic sectors are described, and basic economic facts are provided. Several entries describe the history and attractions of major Norwegian cities, and Norway's role in the international community is detailed as well providing a full portrait of this vibrant country.
Download or read book Oversight Issues in Mobile Payments written by Tanai Khiaonarong and published by International Monetary Fund. This book was released on 2014-07-15 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines oversight issues that underlie the potential growth and risks in mobile payments. International experience suggests that financial authorities can develop effective oversight frameworks for new payment methods to safeguard public confidence and financial stability by establishing: (i) a clear legal regime; (ii) proportionate AML/CFT measures to prevent financial integrity risks; (iii) fund safeguarding measures such as insurance, similar guarantee schemes, or “pass through” deposit insurance; (iv) contingency plans for operational disruptions; and (v) risk controls and access criteria in payment systems. Such measures are particularly important for low-income countries where diffusion is becoming more widespread.
Download or read book Cybersecurity Risk Supervision written by Christopher Wilson and published by International Monetary Fund. This book was released on 2019-09-24 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper highlights the emerging supervisory practices that contribute to effective cybersecurity risk supervision, with an emphasis on how these practices can be adopted by those agencies that are at an early stage of developing a supervisory approach to strengthen cyber resilience. Financial sector supervisory authorities the world over are working to establish and implement a framework for cyber risk supervision. Cyber risk often stems from malicious intent, and a successful cyber attack—unlike most other sources of risk—can shut down a supervised firm immediately and lead to systemwide disruptions and failures. The probability of attack has increased as financial systems have become more reliant on information and communication technologies and as threats have continued to evolve.
Download or read book Financial Soundness Indicators written by International Monetary Fund and published by International Monetary Fund. This book was released on 2006-04-04 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial Soundness Indicators (FSIs) are measures that indicate the current financial health and soundness of a country's financial institutions, and their corporate and household counterparts. FSIs include both aggregated individual institution data and indicators that are representative of the markets in which the financial institutions operate. FSIs are calculated and disseminated for the purpose of supporting macroprudential analysis--the assessment and surveillance of the strengths and vulnerabilities of financial systems--with a view to strengthening financial stability and limiting the likelihood of financial crises. Financial Soundness Indicators: Compilation Guide is intended to give guidance on the concepts, sources, and compilation and dissemination techniques underlying FSIs; to encourage the use and cross-country comparison of these data; and, thereby, to support national and international surveillance of financial systems.
