Download or read book Report on the Observance of Standards and Codes ROSC written by International Monetary Fund. Statistics Department and published by . This book was released on 2003 with total page 117 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Ireland written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2014-05-27 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Report on Observance of Standards and Codes (ROSC) on Ireland highlights that the Central Bank of Ireland has made significant progress in implementing a proactive and intensive approach to supervision. The Probability Risk and Impact System, the backbone of the new risk-based supervisory approach, is intellectually appealing and significant progress was evident to the mission and recognized by market participants. The reform process is relatively young and effective implementation is still a work in progress that demands additional skills and resources. It is critical to maintain a clear direction and focus on implementation efforts, and that enforcement powers are used as a successful deterrent, including the new powers the Central Bank of Ireland was given under the Central Bank of Ireland Act 2013. The Central Bank of Ireland has set up sound foundations; however, gauging the full effectiveness of the reforms requires time for the new framework to season and for staff to gain experience through its use.
Download or read book Report on the Observance of Standards and Codes ROSC written by and published by . This book was released on 2002 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book 2011 Review of the Standards and Codes Initiative Reports on the Observance of Standards and Codes ROSC Case Studies written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-02-16 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report is part of the 2011 ROSC Initiative review. It focuses on generating additional inputs for an informed assessment of the effectiveness of the Initiative in strengthening institutions in member countries. In particular, it analyses in detail a sample of twenty-two specific country experiences—at least two for each standard currently included in the Initiative. The review of specific country experiences with ROSC exercises—diagnosis and implementation of recommendations and follow-up—contributes to evaluate the extent to which ROSCs have been instrumental in identifying institutional weaknesses and contributed to promote financial reform and reduce financial vulnerability. This is an independent review prepared by an external consultant.
Download or read book Germany written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-07-12 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents the report on observance of standards and codes (ROSC) for the financial sector prepared in connection with the financial sector assessment program (FSAP). The FSAP covers the Basel Core Principles for effective banking, the International Association of Insurance Supervisors (IAIS) principles for regulation, the International Organization of Securities Commissions (IOSCO) Objectives and Principles of Securities Regulation, the Committee on Payment and Settlement Systems (CPSS), and IOSCO Recommendations for Central Counterparts. Germany’s essential solid institutional frameworks for macroeconomic policies are also overviewed.
Download or read book Mexico written by International Monetary Fund. Statistics Dept. and published by International Monetary Fund. This book was released on 2015-07-08 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses key findings of the Report on the Observance of Standards and Codes—Data Module for Mexico. Despite the progress made and envisaged, there is scope for further improvement. The IMF staff mission identified the need for greater consistency in data recording across agencies and for regular inter-institution reconciliation exercises to resolve data discrepancies. One source of discrepancies is fixed capital formation of state and local governments, which—given the weight that these subnational units have in the aggregate—may well contribute to the significant divergence between measures of investment in the government finance statistics and in the national accounts. Accuracy and reliability of national accounts data are generally adequate and have improved since 2010.
Download or read book Republic of Poland written by International Monetary Fund and published by International Monetary Fund. This book was released on 2003-06-25 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents an update to the Report on the Observance of Standards and Codes (ROSC) on Fiscal Transparency Module for the Republic of Poland. The original ROSC concluded that boundaries of the general government were well defined by the public finance law, but proliferation of extrabudgetary funds and agencies had complicated transparency. Since then, four state agencies were liquidated in 2002, and their activities were taken over by other agencies or line ministries. Also, the National Labor Office was consolidated with the Ministry of Labor.
Download or read book Denmark written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2014-12-09 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses findings of the Report on Observance of Standards and codes for Denmark. Denmark has a high level of compliance with the Basel Core Principles for Effective Banking Supervision. The Danish Financial Supervisory Authority (DFSA) has the appropriate legal authority to carry out supervision effectively, and its risk based approach has focused well on the key elements of risk within its banking system. Its powers and supervisory approach have evolved significantly since the recent global crisis, and the DFSA emerged as a proactive supervisor. Its overall supervisory approach is sound, and the compliance with the credit-risk and capital adequacy related principles is uniformly high.
Download or read book Italy written by International Monetary Fund and published by International Monetary Fund. This book was released on 2006-02-23 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents an update to the Report on the Observance of Standards and Codes (ROSC) on Fiscal Transparency Module for Italy. Some progress has been made vis-à-vis the 2003 ROSC update, especially toward strengthening the integrity of data. The reconciliation of above- and below-the-line fiscal data has contributed to strengthening the quality of data and budget reporting. On the recommendations regarding public availability of information, progress is needed to allow a firmer assessment of Italy’s fiscal developments and prospects. A few issues remain outstanding.
Download or read book India Report on the Observance of Standards and Codes ROSC written by and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Iceland written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2014-09-03 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Report on Observance of Standards and Codes on Iceland summarizes the findings and recommendations of the assessment. This assessment of the current state of the implementation of the Basel Core Principles for Effective Banking Supervision in Iceland has been completed as a stand-alone Report on the Observance of Standards and Codes undertaken by the IMF during March of 2014 at the request of the Icelandic authorities. It is advised to ensure planned legislative amendments clarify the roles regarding banking supervision of liquidity risk, including corrective action. Ensure planned legislative amendments clarify Financial Supervisory Authority in Iceland (FME) actions in the enforcement of buffers. It is also recommended to amend processes, systems and practices in order to use the full definition of qualified holder, beyond the mere quantitative thresholds. The assessment also recommends developing rules and guidelines for banks on the benchmarks, standards, and procedures that the FME will follow in determining the adequacy of bank’s risk management and governance systems.
Download or read book Brazil written by International Monetary Fund and published by International Monetary Fund. This book was released on 2001-12-06 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides an assessment of fiscal transparency practices in Brazil. The authorities have completed the fiscal transparency questionnaire prepared by the IMF staff. The assessment has two parts that are discussed in this study. In the first part, descriptions of practice, prepared by the IMF staff on the basis of the questionnaire response and additional information provided by the authorities are discussed. In the second part, an IMF staff commentary on fiscal transparency in Brazil is presented. Brazil uses very comprehensive fiscal definitions.
Download or read book Bangladesh written by International Monetary Fund and published by International Monetary Fund. This book was released on 2005-09-09 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents an update to the Report on the Observance of Standards and Codes (ROSC) on Fiscal Transparency for Bangladesh. The paper discusses that the authorities have implemented a number of measures recommended in the ROSC, particularly those aimed at establishing reliable fiscal reports, and have moved toward establishing an effective basis for medium-term budgeting. Progress on longer-term issues with regard to improving reporting and control over quasi-fiscal activities of state-owned enterprises and strengthening government watchdog institutions will require continuing sustained effort.
Download or read book Mexico written by International Monetary Fund. Statistics Dept. and published by INTERNATIONAL MONETARY FUND. This book was released on 2015-07-08 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses key findings of the Report on the Observance of Standards and Codes—Data Module for Mexico. Despite the progress made and envisaged, there is scope for further improvement. The IMF staff mission identified the need for greater consistency in data recording across agencies and for regular inter-institution reconciliation exercises to resolve data discrepancies. One source of discrepancies is fixed capital formation of state and local governments, which—given the weight that these subnational units have in the aggregate—may well contribute to the significant divergence between measures of investment in the government finance statistics and in the national accounts. Accuracy and reliability of national accounts data are generally adequate and have improved since 2010.
Download or read book Peru written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-04-16 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: The public sector in Peru is clearly distinguished from the rest of the economy, but the existence of various legal and statistical definitions of the government makes it difficult to demarcate it clearly from the rest of the public sector. The recent constitutional reform has strengthened the decentralization process, but key fiscal aspects have yet to be defined. The current distribution of fiscal responsibilities between the central government and local governments is legally defined, but the allocation of expenditure responsibilities and intergovernmental transfers need further clarification.
Download or read book Greece written by International Monetary Fund and published by International Monetary Fund. This book was released on 2003-06-11 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents an update to the Report on the Observance of Standards and Codes (ROSC) on Fiscal Transparency for Greece. Two important steps toward improving fiscal transparency since the last ROSC update were Greece’s subscription to the Special Data Dissemination Standard in November 2002, and participation in the preparation of the data module of the ROSC. Other steps included improving fiscal audits and the evaluation of budget expenditure, and measures in the recent tax reform to simplify the tax system.
