## 2021 Financial Sector Assessment Program Review —Background Paper On Scope

_Policy Papers, June 1, 2021_

## Source details

**Canonical URL:** [2021 Financial Sector Assessment Program Review —Background Paper On Scope](https://www.imf.org/en/publications/policy-papers/issues/2021/06/01/2021-financial-sector-assessment-program-review-background-paper-on-scope-460585)

## Other formats

- [Markdown version](/en/publications/policy-papers/issues/2021/06/01/2021-financial-sector-assessment-program-review-background-paper-on-scope-460585/index.md)
- [Structured JSON version](/en/publications/policy-papers/issues/2021/06/01/2021-financial-sector-assessment-program-review-background-paper-on-scope-460585/index.json)
- [Bundle manifest](/en/publications/policy-papers/issues/2021/06/01/2021-financial-sector-assessment-program-review-background-paper-on-scope-460585/bundle-manifest.json)

## Bibliographic details
- Published: June 1, 2021
- Series: Policy Papers
- DOI: https://doi.org/10.5089/9781513583006.007

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### 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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## Content in this bundle

- **Policy Paper**
  - [Policy Paper (Markdown version)](/-/media/files/publications/pp/2021/english/ppea2021043.pdf.md){rel="alternate" type="text/markdown"}
  - [Policy Paper (PDF)](/-/media/files/publications/pp/2021/english/ppea2021043.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/policy-papers/issues/2021/06/01/2021-financial-sector-assessment-program-review-background-paper-on-scope-460585_