Greece : Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics, Banking Supervision, Insurance Supervision, Securities Regulation, and Anti-Money Laundering and Combating the Financing of Terrorism

Author/Editor:

International Monetary Fund

Publication Date:

January 6, 2006

Electronic Access:

Free Full text (PDF file size is 711 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper discusses key findings of the Financial System Stability Assessment on Banking Supervision, Insurance Supervison, Securities Regulation, and Anti-Money Laundering and Combating the Financing of Terrorism for Greece. The Greek financial sector appears largely sound and resilient to potential adverse shocks. The banking system is well capitalized and profitable, with adequate liquidity, but faces challenges arising from the recent rapid credit growth that increases bank exposure to unfamiliar credit risks. Strategic and medium-term challenges include addressing legal and institutional impediments to improving competitiveness and developing new, cost-efficient sources of funding.

Series:

Country Report No. 06/6

Subject:

English

Publication Date:

January 6, 2006

ISBN/ISSN:

9781451816259/1934-7685

Stock No:

1GRCEA2006003

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

78

Please address any questions about this title to publications@imf.org