2021 Financial Sector Assessment Program Review—Towards A More Stable And Sustainable Financial System

Policy Papers, May 28, 2021

Source details

Canonical URL: 2021 Financial Sector Assessment Program Review—Towards A More Stable And Sustainable Financial System

Authors: The Fund Alone In Advanced Economies. Fsaps Provide Valuable Analysis, Policy Recommendations For Surveillance, Capacity Development. Since The Program’s Inception
Published: May 28, 2021
Series: Policy Papers
DOI: https://doi.org/10.5089/9781513583907.007

The Financial Sector Assessment Program (FSAP) provides in-depth assessments of financial sectors.
FSAPs are usually conducted jointly with the World Bank in emerging market and developing economies and by the Fund alone in advanced economies.
FSAPs provide valuable analysis and policy recommendations for surveillance and capacity development.

Since the program’s inception, 157 Fund Members have undergone individual or regional FSAPs.
In recent years, the Fund has been conducting 12–14 FSAPs per year.
The program operates at a cost of about 3 percent of the Fund’s direct spending.

Subject areas: Financial Sector Assessment Program; Financial sector policy and analysis; Financial sector risk; Financial sector stability; Financial stability assessment; Monetary policy; Political economy; Stress testing.
Keywords: Financial Sector Assessment Program; Financial sector risk; Financial sector stability; Financial stability assessment; FSAP agenda; FSAP cost; FSAP prioritization; FSAP toolkit; Global; IMF's FSAP; risk analysis; risk analysis toolkit; Stress testing.

The publication is presented as a Policy Paper and is available in PDF and other formats on the IMF eLibrary.
The review aims to inform surveillance and capacity development through substantive analysis and policy recommendations.

International Monetary Fund. 2021 Financial Sector Assessment Program Review—Towards A More Stable And Sustainable Financial System (May 28, 2021).