United States: Publication of Financial Sector Assessment Program Documentation: Financial System Stability Assessment
IMF Staff Country Reports, July 30, 2010
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- United States: Publication of Financial Sector Assessment Program Documentation: Financial System Stability Assessment
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Bibliographic details
- Published: July 30, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455206742.002
Overview and key findings
- The United States experienced a devastating financial crisis owing to multifaceted factors but started showing recovery.
- Authorities welcomed the FSAP program, which included:
- strengthening microprudential regulation,
- establishing macroprudential responsibilities,
- strengthening market discipline,
- reforming credit policies.
- Authorities emphasized the need to establish a council of regulatory agencies such as the Federal Reserve and the Treasury with a mandate for financial stability.
- Authorities stressed the need to enhance crisis management, resolution, and systemic liquidity arrangements.
- Authorities highlighted the need to address too-big-to-fail issues and the future of the government-sponsored enterprises (GSEs).
Subject areas and keywords
- Subject: Banking, Commercial banks, Financial crises, Financial institutions, Insurance, Loans, Securities
- Keywords: Commercial banks, CR, Europe, FDIC guarantee, Fed chairman, Fed lending, Global, Insurance, ISCR, Loans, Securities, state Fed-member banks, state thrift, thrift, thrift supervision