Republic of Armenia: Financial System Stability Assessment
IMF Staff Country Reports, January 11, 2013
Source details
- Canonical URL
- Republic of Armenia: Financial System Stability Assessment
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Bibliographic details
- Published: January 11, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475577792.002
Executive summary and system overview
- Armenia’s growing financial system is dominated by banks.
- The regulatory and supervisory system is described as robust.
Key findings
- The IMF Executive Board recommended the Central Bank of Armenia (CBA) develop a program to gather information and monitor the hedging ability of borrowers.
- The CBA has a limited ability to extend foreign currency emergency liquidity assistance.
- Liquidity requirements in foreign currency are identified as an important risk mitigant given the CBA’s limited foreign currency emergency liquidity capacity.
- Implementation of the pension reform in 2014 will bring additional investments to the market.
Policy recommendations and supervisory actions
- Develop a program to gather information and monitor the hedging ability of borrowers (recommendation to the CBA).
- Consider liquidity requirements in foreign currency as a risk mitigant, reflecting the CBA’s constrained ability to provide foreign currency emergency liquidity assistance.
Subjects and keywords
- Subject: Banking, Commercial banks, Financial institutions, Financial sector policy and analysis, Insurance, Insurance companies, Loans, Stress testing
- Keywords: CBA board meetings, CBA data, CBA law, CBA regulation, CBA staff members, Commercial banks, CR, Global, Insurance, Insurance companies, ISCR, Loans, problem bank, Stress testing
Source: Republic of Armenia: Financial System Stability Assessment (IMF Staff Country Report, January 11, 2013).
Content in this bundle
- Republic of Armenia: Financial System Stability Assessment; IMF Country Report 13/10; June 11, 2012