2026 Financial Sector Assessment Program Review—Strengthening Agility, Focus, and Impact
Policy Papers, September 22, 2026
Source details
- Canonical URL
- 2026 Financial Sector Assessment Program Review—Strengthening Agility, Focus, and Impact
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Bibliographic details
- Published: September 22, 2026
- Series: Policy Papers
- DOI: https://doi.org/10.5089/9798229061131.007
Context and purpose
- Responds to a rapidly evolving financial landscape marked by:
- rising NBFI interconnectedness
- digitalization and AI
- cyber risk
- climate change
- geopolitical uncertainty
- related macro-financial risks
- FSAPs are reaffirmed as a key bilateral surveillance tool that remains highly valued by policy makers but need to be:
- agile to emerging risks
- available to the wider IMF membership
Core proposals and methodology changes
- Adopt a more agile, modular, and risk-based approach to FSAPs:
- tailor assessment depth across the three pillars
- strengthen safeguards through transparency, risk diagnostics, and greater integration with ongoing Article IV surveillance
- reform the methodology for identifying members that undergo mandatory assessments
- create room for more voluntary assessments
- pursue efficiency gains
Expected outcomes and focus of future FSAPs
- Future FSAPs will:
- proactively adapt to the evolving financial landscape
- focus in-depth reviews on the most material risks
- deliver where—and when—they can have the greatest impact
Content in this bundle
- Policy Paper