{
  "title": "United States: Publication of Financial Sector Assessment Program Documentation: Technical Note on Crisis Management Arrangements",
  "publication": "IMF Staff Country Reports, May 14, 2010",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/united-states-publication-of-financial-sector-assessment-program-documentation-technical-23862",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2016/12/31/united-states-publication-of-financial-sector-assessment-program-documentation-technical-23862",
  "overlayPath": "/en/publications/cr/issues/2016/12/31/united-states-publication-of-financial-sector-assessment-program-documentation-technical-23862/index.md",
  "summary": "This paper presents a technical note on Crisis Management Arrangements for the United States. The crisis has seen widespread systemic instability, large-scale fiscal support, and an increase in moral hazard.",
  "publishDate": "2010-05-14",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Summary",
      "content": "- This paper presents a technical note on Crisis Management Arrangements for the United States.\n- The crisis has seen widespread systemic instability, large-scale fiscal support, and an increase in moral hazard.\n- The lack of a formal systematic process for the assessment of risks may have contributed to a slow response to identified risks.\n- Additional complexity of coordinating interagency actions in response to identified risks did not help.\n- Power to act remained with the individual agencies, and coordinating a response to identified risks could take time."
    },
    {
      "heading": "Major themes and findings",
      "content": "- Systemic instability:\n  - Widespread systemic instability during the crisis is identified as a core concern.\n- Fiscal response:\n  - Large-scale fiscal support was a prominent feature of the crisis response.\n- Moral hazard:\n  - The crisis environment was associated with an increase in moral hazard.\n- Risk assessment and coordination:\n  - Absence of a formal systematic risk-assessment process may have slowed responses to identified risks.\n  - Interagency coordination complexity impeded timely collective action.\n  - Authority to act remained with individual agencies, leading to potential delays when coordinated responses were required.\n\n---\n\n Content in this bundle\n\n- Executive Summary\n  - Executive Summary (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Executive Summary (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/united-states-publication-of-financial-sector-assessment-program-documentation-technical-23862"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2016/12/31/united-states-publication-of-financial-sector-assessment-program-documentation-technical-23862/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2016/12/31/united-states-publication-of-financial-sector-assessment-program-documentation-technical-23862/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2016/12/31/united-states-publication-of-financial-sector-assessment-program-documentation-technical-23862/bundle-manifest.json)",
    "Published: May 14, 2010",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781455206605.002",
    "This paper presents a technical note on Crisis Management Arrangements for the United States.",
    "The crisis has seen widespread systemic instability, large-scale fiscal support, and an increase in moral hazard.",
    "The lack of a formal systematic process for the assessment of risks may have contributed to a slow response to identified risks.",
    "Additional complexity of coordinating interagency actions in response to identified risks did not help.",
    "Power to act remained with the individual agencies, and coordinating a response to identified risks could take time.",
    "Systemic instability:",
    "Fiscal response:",
    "Moral hazard:",
    "Risk assessment and coordination:",
    "**Executive Summary**"
  ],
  "related": [
    {
      "title": "Executive Summary",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2010/_cr10120.pdf",
      "summary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2010/_cr10120.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2010/_cr10120.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2016/12/31/united-states-publication-of-financial-sector-assessment-program-documentation-technical-23862/index.md",
    "json": "/en/publications/cr/issues/2016/12/31/united-states-publication-of-financial-sector-assessment-program-documentation-technical-23862/index.json",
    "bundleManifest": "/en/publications/cr/issues/2016/12/31/united-states-publication-of-financial-sector-assessment-program-documentation-technical-23862/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-23T07:33:18.019Z"
}