A Macrofinancial Approach to Supervisory Standards Assessments

Policy Papers, August 18, 2014

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A Macrofinancial Approach to Supervisory Standards Assessments

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Bibliographic details

• Published: August 18, 2014
• Series: Policy Papers
• Stock No: ISBN

Overview

• Standards assessments serve several important objectives but are not well integrated into Fund surveillance.
• Financial standards assessments, when undertaken in the context of FSAPs, are used to identify weaknesses in financial regulation and supervision, or other areas covered by international standards.
• The weaknesses identified in standards assessments are not specifically linked to the risks and vulnerabilities facing the financial sector.
• Conversely, the analysis of country-specific vulnerabilities in the FSAP does not contribute to targeting the standard assessment effort, since the assessment must be exhaustive and cover the entire standard.

Key findings

• Standards assessments identify regulatory and supervisory weaknesses but lack linkage to country-specific financial risks and vulnerabilities.
• FSAP vulnerability analysis remains separate from standards assessments because assessments are required to be exhaustive and cover the entire standard.

Implications for surveillance and assessment design

• The current separation between standards assessments and FSAP vulnerability analysis limits the ability to prioritize supervisory standards work according to macrofinancial risks.
• Exhaustive coverage requirements for standards assessments prevent targeted focusing based on country-specific vulnerabilities identified in FSAPs.

Publication and metadata

• Publication title: A Macrofinancial Approach to Supervisory Standards Assessments
• Publication date: August 18, 2014
• Format indicated on page: Download PDF
• Subjects listed: Financial Sector Assessment Program, Standards and codes, Surveillance, Transparency
• Citation shown on page: A Macrofinancial Approach to Supervisory Standards Assessments, (USA: International Monetary Fund, 0) accessed 9/18/2026

Source: A Macrofinancial Approach to Supervisory Standards Assessments (IMF web landing page).

Content in this bundle

• A Macrofinancial Approach to supervisory Standards Assessments; Background Paper; August 18, 2014
  • A Macrofinancial Approach to supervisory Standards Assessments; Background Paper; August 18, 2014 (Markdown version)
  • A Macrofinancial Approach to supervisory Standards Assessments; Background Paper; August 18, 2014 (PDF)