Nepal: Technical Assistance Report—Financial Sector Stability Review
IMF Staff Country Reports, October 6, 2023
Source details
- Canonical URL
- Nepal: Technical Assistance Report—Financial Sector Stability Review
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Bibliographic details
- Published: October 6, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400255793.002
Diagnostic review and purpose
- The mission conducted a diagnostic review of the financial sector oversight capacity in Nepal.
- Proposed a Technical Assistance Roadmap (TARM) to support authorities’ efforts to strengthen the identification, analysis, and mitigation of risks to financial stability in Nepal.
- The mission’s diagnostic review supports a TA plan; the main recommendations are summarized and the comprehensive TARM is provided in the paper.
Banking supervision and resilience
- Nepal Rastra Bank (NRB) has developed its approach to supervision.
- Continuing to strengthen NRB capacity will help improve the resilience of the banking sector.
- Emphasis on strengthening identification, analysis, and mitigation of risks to financial stability.
Payment systems modernization
- Payment systems modernization efforts have gained momentum.
- Further progress is needed to improve the safety and efficiency of payment systems to support monetary policy and financial stability.
- Specific institutional element noted: Payment Systems Department and Real time gross settlement systems.
Financial sector statistics
- Financial sector statistics in Nepal have scope for improvement.
- Currently, the monetary and financial statistics cover:
- the central bank, and
- other depository corporations comprising of commercial banks, development banks, and finance companies, which accept deposits.
Subjects and keywords (as provided)
- Subjects: Financial markets; Financial sector policy and analysis; Financial sector stability; Financial services; International organization; Monetary policy; Payment systems; Real time gross settlement systems; Stress testing.
- Keywords: Financial sector stability; Global; IMF MCM; IMF to IMF executive directors; liquidity regulation; macro-financial risk; modernization effort; Nepal FSSR TA roadmap; NRB regulation; NRB senior management; NRB staff; payment legislation; Payment systems; payment Systems Department; Real time gross settlement systems; request of the Nepal Rastra Bank; Stress testing; working capital.
Publication and metadata (exact values preserved)
- Pages: 68
- Volume: 2023
- Issue: 344
- Series: Country Report No. 2023/344
- DOI: https://doi.org/10.5089/9798400255793.002
- Stock No: 1NPLEA2023003
- ISBN: 9798400255793
- ISSN: 1934-7685
Source: Nepal: Technical Assistance Report—Financial Sector Stability Review, IMF Staff Country Reports (2023, No. 344), https://doi.org/10.5089/9798400255793.002
Content in this bundle
- Nepal Financial Sector Stability Review — Preface & Executive Summary