{
  "title": "Republic of Serbia: Financial Sector Assessment Program Update: Financial System Stability Assessment",
  "publication": "IMF Staff Country Reports, May 27, 2010",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-serbia-financial-sector-assessment-program-update-financial-system-stability-23909",
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  "summary": "This paper discusses key findings of the Financial Sector Assessment Program (FSAP) Update for Serbia. The assessment reveals that the financial system of Serbia has successfully weathered the global financial crisis, but faces the challenge of a possible further deterioration of the economic enviro",
  "sections": [
    {
      "heading": "Executive summary and key findings",
      "content": "- The assessment reveals that the financial system of Serbia has successfully weathered the global financial crisis.\n- The system faces the challenge of a possible further deterioration of the economic environment, with attendant effects on asset quality.\n- The banking sector is highly capitalized and liquid, and displays considerable resilience in stress tests.\n- Several important supervisory challenges remain despite an improvement in the supervisory framework since the 2005 FSAP."
    },
    {
      "heading": "Banking sector resilience and risks",
      "content": "- Banking sector characteristics:\n  - Highly capitalized.\n  - Highly liquid.\n  - Considerable resilience in stress tests.\n- Main vulnerabilities:\n  - Exposure to deterioration in the economic environment.\n  - Potential adverse effects on asset quality from economic weakening."
    },
    {
      "heading": "Supervisory framework and challenges",
      "content": "- Supervisory developments:\n  - Improvement in the supervisory framework since the 2005 FSAP.\n- Remaining challenges:\n  - Several important supervisory challenges persist (not specified in detail on this page)."
    },
    {
      "heading": "Publication and metadata",
      "content": "- Publication title: Republic of Serbia: Financial Sector Assessment Program Update: Financial System Stability Assessment\n- Publication date: May 27, 2010\n- Series: Country Report No. 2010/147\n- Issue: 147\n- Volume: 2010\n- Pages: 50\n- DOI: https://doi.org/10.5089/9781455205639.002\n- Stock No: 1SRBEA2010003\n- ISBN: 9781455205639\n- ISSN: 1934-7685\n- Subject: Banking, Basel Core Principles, Commercial banks, Financial institutions, Financial regulation and supervision, Loans, Market risk, Operational risk\n- Keywords: banking sector, Basel Core Principles, Commercial banks, country risk, CR, credit risk, financial condition, financial crisis, financial system, foreign exchange, Global, interest rate, ISCR, Loans, Market risk, operating income, Operational risk, resolution method\n\nSource: IMF Staff Country Reports — Republic of Serbia: Financial Sector Assessment Program Update: Financial System Stability Assessment (May 27, 2010).\n\n---\n\n Content in this bundle\n\n- Republic of Serbia Financial System Stability Assessment\n  - Republic of Serbia Financial System Stability Assessment (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Republic of Serbia Financial System Stability Assessment (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: May 27, 2010",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781455205639.002",
    "The assessment reveals that the financial system of Serbia has successfully weathered the global financial crisis.",
    "The system faces the challenge of a possible further deterioration of the economic environment, with attendant effects on asset quality.",
    "The banking sector is highly capitalized and liquid, and displays considerable resilience in stress tests.",
    "Several important supervisory challenges remain despite an improvement in the supervisory framework since the 2005 FSAP.",
    "Main vulnerabilities:",
    "Supervisory developments:",
    "Remaining challenges:",
    "Publication title: Republic of Serbia: Financial Sector Assessment Program Update: Financial System Stability Assessment",
    "Publication date: May 27, 2010",
    "Series: Country Report No. 2010/147",
    "Issue: 147",
    "Volume: 2010",
    "Pages: 50",
    "DOI: https://doi.org/10.5089/9781455205639.002",
    "Stock No: 1SRBEA2010003",
    "ISBN: 9781455205639",
    "ISSN: 1934-7685",
    "Subject: Banking, Basel Core Principles, Commercial banks, Financial institutions, Financial regulation and supervision, Loans, Market risk, Operational risk",
    "Keywords: banking sector, Basel Core Principles, Commercial banks, country risk, CR, credit risk, financial condition, financial crisis, financial system, foreign exchange, Global, interest rate, ISCR, Loans, Market risk, operating income, Operational risk, resolution method",
    "**Republic of Serbia Financial System Stability Assessment**"
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