Financial Sector Assessment Program (FSAP)

Last updated: Tuesday, November 22, 2016


The Financial Sector Assessment Program (FSAP), established in 1999, is a comprehensive and in-depth assessment of a country’s financial sector. FSAPs analyze the resilience of the financial sector, the quality of the regulatory and supervisory framework, and the capacity to manage and resolve financial crises. Based on its findings, FSAPs produce recommendations of a micro- and macro-prudential nature, tailored to country-specific circumstances.

The FSAP is a key instrument of the Fund’s surveillance and provides input to the Article IV consultation. In jurisdictions with financial sectors deemed by the Fund to be systemically important, financial stability assessments under the FSAP are a mandatory part of Article IV surveillance, and are supposed to take place every five years; for all other jurisdictions, participation in the program is voluntary. In developing and emerging market countries, FSAPs are conducted jointly with the World Bank. In these countries, FSAP assessments include two components: a financial stability assessment, which is the responsibility of the Fund, and a financial development assessment, which is the responsibility of the World Bank.

At the end of each FSAP mission, teams leave a detailed and comprehensive Aide Memoire with national authorities, which is confidential. FSAPs conclude with the preparation of a Financial System Stability Assessment (FSSA), which focuses on issues of relevance to IMF surveillance and is discussed at the IMF Executive Board together with the country’s Article IV report. Publication of FSSAs is not mandatory. In addition to the main document (listed below if published), individual country’s FSAPs may bring forward additional supporting documents.

Sort By: Date |  Country

FSSA Country Reports
2016   2015   2014   2013   2012   2011   2010   2009   2008   2007   2006   2005   2004   2003   2002   2001  
2016

Mexico : Mexico : Financial System Stability Assessment, November 22, 2016

Sweden : Sweden : Financial System Stability Assessment, November 17, 2016

Belarus, Republic of : Republic of Belarus : Financial System Stability Assessment, September 21, 2016

Ireland : Ireland : Financial System Stability Assessment, July 28, 2016

Russian Federation : Russian Federation : Financial System Stability Assessment, July 13, 2016

Germany : Germany : Financial Sector Assessment Program-Financial System Stability Assessment, June 29, 2016

United Kingdom : United Kingdom : Financial Sector Assessment Program-Financial System Stability Assessment, June 17, 2016

Gabon : Central African Economic and Monetary Community (CEMAC) : Financial System Stability Assessment, April 22, 2016

Chad : Central African Economic and Monetary Community (CEMAC) : Financial System Stability Assessment, April 22, 2016

Central African Republic : Central African Economic and Monetary Community (CEMAC) : Financial System Stability Assessment, April 22, 2016

Cameroon : Central African Economic and Monetary Community (CEMAC) : Financial System Stability Assessment, April 22, 2016

Congo, Republic of : Central African Economic and Monetary Community (CEMAC) : Financial System Stability Assessment, April 22, 2016

Equatorial Guinea, Republic of : Central African Economic and Monetary Community (CEMAC) : Financial System Stability Assessment, April 22, 2016

Montenegro : Montenegro : Financial System Stability Assessment, March 23, 2016

Moldova, Republic of : Republic of Moldova: Financial System Stability Assessment, February 29, 2016

Argentina : Argentina: Financial System Stability Assessment, February 29, 2016

Tajikistan, Republic of : Republic of Tajikistan: Financial System Stability Assessment Report, February 9, 2016

Morocco : Morocco: Financial System Stability Assessment, February 8, 2016


FSSA Regional Reports Go to top of page

Policy Papers Go to top of page

Other FSAP Related Material Go to top of page
Independent Evaluation Office (IEO) Report on the Evaluation of the Financial Sector Assessment Program
January 5, 2006
Development Issues in the FSAP
February 24, 2003
Analytical Tools of the FSAP
February 24, 2003
Implementation of the Basel Core Principles for Effective Banking Supervision, Experiences, Influences, and Perspectives
September 23, 2002
Financial Sector Assessment Program—Experience with the Assessment of Systemically Important Payment Systems
April 19, 2002
Experience with the Assessments of the IOSCO Objectives and Principles of Securities Regulation under the Financial Sector Assessment Program
April 18, 2002
Experience with the Insurance Core Principles Assessments Under the Financial Sector Assessment Program
August 21, 2001
Financial Sector Assessment Program, A Commentary By Manuel Conthe, Vice President for the Financial Sector, World Bank, and by Stefan Ingves, Director of Monetary and Exchange Affairs Department, International Monetary Fund
March 9, 2001
The IMF/World Bank Financial Sector Assessment Program An Article by Paul Hilbers, Deputy Division Chief, Monetary and Exchange Affairs Department, IMF, published in Economic Perspectives
February 23, 2001
Group of Ten
Report on Consolidation in the Financial Sector
January 25, 2001
News Brief: IMF Announces Working Group to Review the Fund's Financial Sector Work
October 05, 2000
News Brief: IMF Managing Director Horst Köhler Meets Private Financial Sector Representatives
June 08, 2000
The IMF and the Financial Sector Introductory Remarks by Stanley Fischer given at the Seminar on Financial Risks, System Stability, and Economic Globalization
June 05, 2000
Macroprudential Indicators of Financial System Soundness, IMF Occasional Paper No. 192
April 15, 2000