Seychelles: Technical Assistance Report-Bank Resolution Framework

Publication Date:

July 10, 2024

Electronic Access:

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Summary:

The IMF conducted a technical assistance to Central Bank of Seychelles (CBS) and provided policy and legal guidance to the CBS on the drafting of legal amendments that will provide an adequate institutional framework and effective powers for bank resolution, and thus contribute to financial stability, while limiting the use of public funds and addressing moral hazard concerns. The mission provided recommendations on corrective actions, emergency liquidity assistance (ELA) and bank resolution frameworks to enhance their alignment with international best practices, FSB’s Key Attributes of Effective Resolution Regimes for Financial Institutions (KAs) and good practice.

Series:

Technical Assistance Report No. 2024/054

Frequency:

regular

English

Publication Date:

July 10, 2024

ISBN/ISSN:

9798400280948/3005-4575

Stock No:

TAREA2024054

Format:

Paper

Pages:

149

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