Top 25 Financial Sectors to Get Mandatory IMF Check-Up
Economies with financial sectors that have the greatest impact on global financial stability are now required to undergo in-depth reviews of their financial health by the International Monetary Fund every five years.
The landmark decision by the IMF’s Executive Board on September 21 converts the financial stability component of the voluntary Financial Sector Assessment Program (FSAP) into a mandatory part of the IMF’s surveillance for the world’s top 25 financial sectors.
- Stability part of voluntary Financial Sector Assessment Program now mandatory
- 25 biggest, most interlinked financial sectors to get IMF review every five years
- Decision strengthens, integrates IMF’s financial, economic surveillance
25 biggest, most interconnected economies
Australia
Austria
Belgium
Brazil
Canada
China
France
Germany
Hong Kong SAR
India
Ireland
Italy
Japan
Luxembourg
Mexico
Netherlands
Russia
Singapore
South Korea
Spain
Sweden
Switzerland
Turkey
United Kingdom
United States
Australia
Austria
Belgium
Brazil
Canada
China
France
Germany
Hong Kong SAR
India
Ireland
Italy
Japan
Luxembourg
Mexico
Netherlands
Russia
Singapore
South Korea
Spain
Sweden
Switzerland
Turkey
United Kingdom
United States
The review of a country’s financial stability would cover three core elements.
• Risk—the source, probability, and potential impact of the main risks to financial stability;
• Policies—the country’s financial stability policy framework;
• Crisis resolution — the authorities’ capacity to manage and resolve a financial crisis.
More information:
https://www.imf.org/external/pubs/ft/survey/so/2010/NEW092710A.htm
Articles »
Top 25 Financial Sectors to Get Mandatory IMF Check-Up »
Views: 5398 Diplomatic Club
