United States: Financial Sector Assessment Program-Systemic Risk Oversight and Management-Technical Notes
IMF Staff Country Reports, July 7, 2015
Source details
- Canonical URL
- United States: Financial Sector Assessment Program-Systemic Risk Oversight and Management-Technical Notes
Other formats
Bibliographic details
- Published: July 7, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513518558.002
Overview and Purpose
- This Technical Note discusses the findings and recommendations made in the Financial Sector Assessment Program for the United States in the areas of systemic risk oversight and management.
- Publication date: July 7, 2015.
- Series: Country Report No. 2015/172, Issue: 172, Volume: 2015, Pages: 78.
- DOI: https://doi.org/10.5089/9781513518558.002
- ISBN: 9781513518558
- ISSN: 1934-7685
- Stock No: 1USAEA2015008
Key Findings
- Significant steps have been taken by the U.S. authorities to reduce risks in a number of areas.
- Progress is most advanced in the area of banking sector resilience.
- Progress is less advanced in other areas which play a major role in the financial system.
- Remaining challenges identified include:
- Data gaps.
- Impediments to data sharing.
- Need to support coordination and consultation on prudential standards and regulations.
- Need to enhance risk monitoring frameworks.
- Need to provide additional clarity on the nature and scale of identified emerging systemic threats.
Policy Recommendations and Actions Needed
- Address data gaps across the financial system.
- Resolve remaining impediments to data sharing among relevant authorities and entities.
- Support coordination and consultation on prudential standards and regulations to improve systemic oversight.
- Enhance risk monitoring frameworks to better detect and assess systemic threats.
- Provide additional clarity on the nature and scale of identified emerging systemic threats to inform policy responses.
Thematic Scope and Subjects Covered
- Subjects: Asset and liability management; Financial institutions; Financial sector policy and analysis; Financial sector stability; Liquidity; PFM information systems; Public financial management (PFM); Securities; Systemic risk.
- Keywords included in the source: CR, discount window, establishment of the FSOC, Financial sector stability, financial system, FSOC member agency, FSOC minutes, FSOC risk discussion, FSOC secretariat staff, FSOC structure, FSOC Systemic Risk Committee, FSOC work, Global, global financial system, interest rate, ISCR, Liquidity, liquidity risk, market maker, mortgage market, PFM information systems, private sector, repo market, Securities, Systemic risk.
IMF Staff Country Reports — United States: Financial Sector Assessment Program-Systemic Risk Oversight and Management-Technical Notes (July 7, 2015).