{
  "title": "2021 Financial Sector Assessment Program Review —Background Paper On Scope",
  "publication": "Policy Papers, June 1, 2021",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2021/06/01/2021-financial-sector-assessment-program-review-background-paper-on-scope-460585",
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  "summary": "This background paper reviews the development of the scope of financial stability assessments under the FSAP since the 2014 FSAP Review.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- This background paper reviews the development of the scope of financial stability assessments under the FSAP since the 2014 FSAP Review.\n- The paper summarizes past experiences of adaptation in FSAP scope and observed trends in coverage of specific topics.\n- It discusses possible directions to adjust the scope of future FSAPs over the next five years given likely changes in the financial stability landscape.\n- The paper also discusses collaboration with the World Bank as it pertains to the scope of financial stability assessments.\n- It does not examine issues such as analytical approaches, participation, and resources, which are covered elsewhere in the FSAP Review."
    },
    {
      "heading": "Key themes and observed trends",
      "content": "- Review of how FSAP scope has evolved since the 2014 FSAP Review.\n- Summary of past experiences adapting the scope of financial stability assessments.\n- Observed trends with respect to the coverage of specific topics within FSAPs.\n- Consideration of likely changes in the financial stability landscape that would affect scope decisions over the next five years."
    },
    {
      "heading": "Possible directions for future FSAP scope (next five years)",
      "content": "- Adjustments to the scope of future FSAPs in light of anticipated changes in the financial stability landscape.\n- Consideration of topic coverage priorities based on recent adaptation experiences and trends.\n- Implications for how FSAPs might balance breadth of coverage against depth on emerging risks."
    },
    {
      "heading": "Collaboration with the World Bank",
      "content": "- Discussion of collaboration with the World Bank as it pertains to the scope of financial stability assessments."
    },
    {
      "heading": "Exclusions / Scope limits of this paper",
      "content": "- The paper explicitly does not examine analytical approaches, participation, and resources; those topics are addressed elsewhere in the FSAP Review."
    },
    {
      "heading": "Subject areas and keywords",
      "content": "- Subjects: Financial Sector Assessment Program, Financial sector policy and analysis, Financial sector stability, Financial stability assessment, Monetary policy, Political economy, Stress testing, Systemic risk\n- 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\n\n---\n\n Content in this bundle\n\n- Policy Paper\n  - Policy Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Policy Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2021/06/01/2021-financial-sector-assessment-program-review-background-paper-on-scope-460585"
    }
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    "Published: June 1, 2021",
    "Series: Policy Papers",
    "DOI: https://doi.org/10.5089/9781513583006.007",
    "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.",
    "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.",
    "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.",
    "Discussion of collaboration with the World Bank as it pertains to the scope of financial stability assessments.",
    "The paper explicitly does not examine analytical approaches, participation, and resources; those topics are addressed elsewhere in the FSAP Review.",
    "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",
    "**Policy Paper**"
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