Contents

List of Acronyms and Abbreviations

Executive Summary

1. Background
   
   
2. Status of Country Participation in the FSAP
   
   
3. The Program from the Perspective of Participating Countries
   
   
4. The Role of the FSAP in Surveillance
   
   
5. The Role of the FSAP in Development and Capacity Building
   
   
6. Analytical Tools Used in the FSAP—Experience and Progress to Date
   1. Financial Soundness Indicators
      
   2. Stress Testing
   3. Assessments of Standards and Codes
      
      
7. Operational Status
   1. Scale and Scope of Assessments
   2. Resource Costs
   3. Publication and Confidentiality
      
      
8. Issues Going Forward
   1. FSAP Assessments, Reassessments, and Updates
      
                 Updating assessments of financial sector standards
                 and codes
                 Greater selectivity in the scope of future assessments
                 Resource implications and country prioritization
   2. Streamlining of Documents and Publication Issues
                 Publication issues
   3. Surveillance
   4. Support for Development and Structural Reform
   5. The Role of the FSAP in Fostering Technical Assistance

Text Tables

Table 1. FSAP Participation

Figures

Figure 1. Number of Countries in which Observance of Standards and Codes was Assessed Under the 65 Completed and Ongoing FSAP Assessments
Figure 2. Frequency of Assessment of Observance of Standards and Codes in Completed and Ongoing Countries

Boxes

Box 1. FSAP Findings—Selected Country Cases
Box 2. Themes Relevant to Fund Surveillance
Box 3. Important Developmental Issues Addressed in the FSAP

Appendices

Appendix I. Institutions Cooperating in the FSAP
Appendix II. Summary of the 2002 Joint World Bank/IMF FSAP Outreach
Appendix III. Financial Soundness Indicators
Appendix IV. Examples of Standards Assessment Findings