2021 Financial Sector Assessment Program Review —Background Paper On Scope

Policy Papers, June 1, 2021

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2021 Financial Sector Assessment Program Review —Background Paper On Scope

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Bibliographic details

• Published: June 1, 2021
• Series: Policy Papers
• DOI: https://doi.org/10.5089/9781513583006.007

Overview

• This background paper reviews the development of the scope of financial stability assessments under the FSAP since the 2014 FSAP Review.
• The paper summarizes past experiences of adaptation in FSAP scope and observed trends in coverage of specific topics.
• It discusses possible directions to adjust the scope of future FSAPs over the next five years given likely changes in the financial stability landscape.
• The paper also discusses collaboration with the World Bank as it pertains to the scope of financial stability assessments.
• It does not examine issues such as analytical approaches, participation, and resources, which are covered elsewhere in the FSAP Review.

Key themes and observed trends

• Review of how FSAP scope has evolved since the 2014 FSAP Review.
• Summary of past experiences adapting the scope of financial stability assessments.
• Observed trends with respect to the coverage of specific topics within FSAPs.
• Consideration of likely changes in the financial stability landscape that would affect scope decisions over the next five years.

Possible directions for future FSAP scope (next five years)

• Adjustments to the scope of future FSAPs in light of anticipated changes in the financial stability landscape.
• Consideration of topic coverage priorities based on recent adaptation experiences and trends.
• Implications for how FSAPs might balance breadth of coverage against depth on emerging risks.

Collaboration with the World Bank

• Discussion of collaboration with the World Bank as it pertains to the scope of financial stability assessments.

Exclusions / Scope limits of this paper

• The paper explicitly does not examine analytical approaches, participation, and resources; those topics are addressed elsewhere in the FSAP Review.

Subject areas and keywords

• Subjects: Financial Sector Assessment Program, Financial sector policy and analysis, Financial sector stability, Financial stability assessment, Monetary policy, Political economy, Stress testing, Systemic risk
• Keywords: ASSESSMENT report, Financial Sector Assessment Program, Financial sector stability, Financial stability assessment, financial system report, FSAP approach, Global, oversight framework ASSESSMENT, Stress testing, Systemic risk, transparency policy

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• Policy Paper
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  • Policy Paper (PDF)