Key Banking System Risks in the WAEMU
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
The gradual alignment of prudential regulations on Basel II/III standards since 2018, as well as improvements in banking supervision and macroprudential surveillance, have contributed to the WAEMU’s banking system’s resilience to recent global and regional shocks. However, while cyclical vulnerabilities have been contained, bank credit portfolios remain highly concentrated, and their exposure to sovereign risks has grown substantially in recent years, together with liquidity risks. Further reforms building on those recently implemented in line with recommendations from the 2022 Financial Sector Assessment Program (FSAP), including to enhance macroprudential policy’s effectiveness and banking supervision frameworks, will help address such vulnerabilities.
Series:
Selected Issues Paper No. 2024/014
Subject:
International organization Monetary policy
Frequency:
Regular
English
Publication Date:
May 17, 2024
ISBN/ISSN:
9798400275142/2958-7875
Stock No:
SIPEA2024014
Format:
Paper
Pages:
30
Please address any questions about this title to publications@imf.org