Public Information Notice: IMF Reviews Experience with the FSAP and Reaches Conclusions on Issues Going Forward, April 4, 2003

Analytical Tools of the FSAP,
February 24, 2003

Development Issues in the FSAP,
February 24, 2003

Financial Sector Assessment Program (FSAP)

World Bank FSAP page

Financial Sector Assessment Program—Review, Lessons, and Issues Going Forward

Prepared by the Staffs of the International Monetary Fund and the World Bank

February 24, 2003

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List of Acronyms and Abbreviations

Executive Summary

  1. Background

  2. Status of Country Participation in the FSAP

  3. The Program from the Perspective of Participating Countries

  4. The Role of the FSAP in Surveillance

  5. The Role of the FSAP in Development and Capacity Building

  6. Analytical Tools Used in the FSAP—Experience and Progress to Date
    1. Financial Soundness Indicators
    2. Stress Testing
    3. Assessments of Standards and Codes

  7. Operational Status
    1. Scale and Scope of Assessments
    2. Resource Costs
    3. Publication and Confidentiality

  8. Issues Going Forward
    1. FSAP Assessments, Reassessments, and Updates
                  Updating assessments of financial sector standards
                  and codes
                  Greater selectivity in the scope of future assessments
                  Resource implications and country prioritization
    1. Streamlining of Documents and Publication Issues
                  Publication issues
    1. Surveillance
    2. Support for Development and Structural Reform
    3. The Role of the FSAP in Fostering Technical Assistance

Text Tables

Table 1. FSAP Participation


Figure 1. Number of Countries in which Observance of Standards and Codes was Assessed Under the 65 Completed and Ongoing FSAP Assessments
Figure 2. Frequency of Assessment of Observance of Standards and Codes in Completed and Ongoing Countries


Box 1. FSAP Findings—Selected Country Cases
Box 2. Themes Relevant to Fund Surveillance
Box 3. Important Developmental Issues Addressed in the FSAP


Appendix I. Institutions Cooperating in the FSAP
Appendix II. Summary of the 2002 Joint World Bank/IMF FSAP Outreach
Appendix III. Financial Soundness Indicators
Appendix IV. Examples of Standards Assessment Findings