Republic of Belarus: Financial System Stability Assessment

September 21, 2016

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Format: Chicago

Republic of Belarus: Financial System Stability Assessment, (USA: International Monetary Fund, 2016) accessed November 8, 2024

Summary

This paper presents an assessment of financial system stability in Belarus. The findings reveal that the state-dominated financial sector of Belarus confronts several critical challenges. Deep and long-standing structural problems and negative external spillovers are distorting the credit channel and overall financial stability. Financial sector contingent liabilities are on the rise, accentuating an already weak fiscal situation. The government is directing a large proportion of loans from state-owned banks to unhedged state-owned companies. Foreign currency liquidity risk is high, and transition to independent and risk-based oversight of the financial sector is urgently required.

Subject: Asset and liability management, Bank deposits, Banking, Commercial banks, Currencies, Financial institutions, Insurance companies, Liquidity, Loans, Money

Keywords: Aid bank, Asset quality, Bank insolvent, Bank resolution authority, Belarusian bank, Bridge bank, Capital plan, Commercial banks, CR, Currencies, Enhanced bank risk assessment grading methodology, Global, Insurance companies, ISCR, Liquidity, Liquidity risk, Loans, Mediumsized bank, NBRB exemption, NBRB mechanism, NBRB securities, Parent bank, Resolution authority, Risk assessment grading methodology

Publication Details

Pages:

55
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/299
Stock No:

1BLREA2016002
ISBN:

9781475537192
ISSN:

1934-7685

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