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Ensuring Financial Stability: The IMF's Role
Tuesday, December 16, 2003, 2:30 p.m.–4:00 p.m.
IMF Auditorium (Enter via the IMF Center)
720 19th St. N.W., Washington, DC

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Transcript of the proceedings

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Resilient, well-regulated financial systems are essential for macroeconomic and financial stability in a world of increased capital flows. The Financial Sector Assessment Program (FSAP), a joint IMF and World Bank effort, aims to promote the soundness of financial systems around the world. Supported by experts from a range of national agencies and standard-setting bodies, these assessments seek to identify the strengths and vulnerabilities of a country's financial system; determine how key sources of risk are being managed; ascertain the sector's developmental needs; and help develop policy responses and prioritize technical assistance needs. The following panelists will explore how effective such efforts have been and how they can be further enhanced:

Graham Hacche (Moderator)
Deputy Director
External Relations Department

Stefan Ingves
Monetary & Financial Systems Department

Larry Promisel
Financial Sector Global Partnerhips
The World Bank

George Kaufman
Professor Of Finance
Loyola University (Chicago)

Roberto Zahler
Zahler & Company