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
IMF Staff Country Reports, January 6, 2006
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- 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
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Bibliographic details
- Published: January 6, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451816259.002
System-wide assessment — key findings
- The Greek financial sector "appears largely sound and resilient to potential adverse shocks."
- The banking system is "well capitalized and profitable, with adequate liquidity."
- Recent rapid credit growth increases "bank exposure to unfamiliar credit risks."
- Strategic and medium-term challenges include:
- "addressing legal and institutional impediments to improving competitiveness"
- "developing new, cost-efficient sources of funding"
Banking Supervision
- Banking system condition:
- Well capitalized
- Profitable
- Adequate liquidity
- Risk concern:
- Rapid credit growth heightening exposure to unfamiliar credit risks
- Strategic/medium-term priorities:
- Remove legal and institutional impediments to competitiveness
- Develop new, cost-efficient funding sources
Insurance Supervision
- Report covers Insurance Supervison (as titled).
- No further quantitative details provided on insurance sector in the supplied content.
Securities Regulation
- Report includes analysis on Securities Regulation (as titled).
- No further quantitative details provided on securities regulation in the supplied content.
Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT)
- Report includes coverage of Anti-money laundering and combating the financing of terrorism (AML/CFT).
- No further quantitative details provided on AML/CFT in the supplied content.
Subjects and keywords (as listed)
- Subjects: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Commercial banks, Credit, Crime, Financial institutions, Insurance companies, Loans, Money, Pension spending
- Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), bank, bank liquidity, bank resolution, bank risk, bank supervision framework, banking system, commercial bank, Commercial banks, CR, Credit, Europe, Insurance companies, insurance fund, ISCR, liquidity position, Loans, market capitalization, nominal interest rate, risk