Bosnia And Herzegovina Financial System Stability Assessment

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 76 pages
File Size : 43,8 Mb
Release : 2015-07-09
Category : Business & Economics
ISBN : 9781513546636

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Bosnia and Herzegovina by International Monetary Fund. Monetary and Capital Markets Department Pdf

This paper discusses key findings of the Financial System Stability Assessment on Bosnia and Herzegovina (BiH). The financial system in BiH is still dealing with the aftershocks of the global financial crisis as well as deep-seated vulnerabilities. A high system-wide nonperforming loan ratio reflects the impact of the crisis, low growth since then, and a history of lax lending policies. Bank governance problems, weak supervision powers, and related-party loans are obstacles to addressing asset quality problems and re-establishing bank profitability. Banking and insurance oversight have improved since the 2006 Financial Sector Assessment Program, but supervisors’ corrective and enforcement powers are weak and identifying ultimate beneficial owners and related-party lending is problematic.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 76 pages
File Size : 52,6 Mb
Release : 2015-07-09
Category : Business & Economics
ISBN : 9781513508993

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Bosnia and Herzegovina: Financial System Stability Assessment-Press Release; Staff Report; and Statement by the Executive Director for Bosnia and Herzegovina by International Monetary Fund. Monetary and Capital Markets Department Pdf

This paper discusses key findings of the Financial System Stability Assessment on Bosnia and Herzegovina (BiH). The financial system in BiH is still dealing with the aftershocks of the global financial crisis as well as deep-seated vulnerabilities. A high system-wide nonperforming loan ratio reflects the impact of the crisis, low growth since then, and a history of lax lending policies. Bank governance problems, weak supervision powers, and related-party loans are obstacles to addressing asset quality problems and re-establishing bank profitability. Banking and insurance oversight have improved since the 2006 Financial Sector Assessment Program, but supervisors’ corrective and enforcement powers are weak and identifying ultimate beneficial owners and related-party lending is problematic.

Author : International Monetary Fund
Publisher : INTERNATIONAL MONETARY FUND
Page : 51 pages
File Size : 46,8 Mb
Release : 2006-11-17
Category : Business & Economics
ISBN : 145180492X

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Bosnia and Herzegovina by International Monetary Fund Pdf

Economic growth in Bosnia and Herzegovina (BiH) has been impressive with GDP. The dominance of foreign-owned bank subsidiaries has transformed the financial sector and altered the risks to financial stability. Reforms should focus on strengthening banking supervision and adapting it to the transformation of the financial system in line with recommendations in the Basel Core Principles (BCP) assessment. Although the insurance sector is too small to be systemically important, the unsettled conditions in the sector could weaken confidence in the financial system.

Author : INTERNATIONAL MONETARY. FUND
Publisher : Unknown
Page : 128 pages
File Size : 49,9 Mb
Release : 2015
Category : Electronic
ISBN : 151350925X

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Bosnia and Herzegovina by INTERNATIONAL MONETARY. FUND Pdf

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 75 pages
File Size : 44,7 Mb
Release : 2015-08-03
Category : Business & Economics
ISBN : 9781513560090

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Bosnia and Herzegovina by International Monetary Fund. Monetary and Capital Markets Department Pdf

This paper discusses key findings and recommendations of the Detailed Assessment of Observance of the CPMI–IOSCO (Committee on Payments and Market Infrastructures–International Organization of Securities Commissions) Principles for Financial Market Infrastructures in Bosnia and Herzegovina. Major achievements have been made in modernizing the payment system. Resiliency of the interbank payment system was demonstrated against the severe floods of May 2014. The currency board arrangement has helped protect the payment system from credit risks. The formal assessment of the real-time gross settlement system suggests that many of the standards are observed. The legal basis is relatively sound, but finality and netting arrangements require greater legal certainty and protection at the law level.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 50 pages
File Size : 47,5 Mb
Release : 2015-08-03
Category : Business & Economics
ISBN : 9781513554778

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Bosnia and Herzegovina by International Monetary Fund. Monetary and Capital Markets Department Pdf

This Technical Note discusses results of Banking Sector Stress Testing for Bosnia and Herzegovina (BiH). The stress tests focused on the banking system and covered all 27 banks operating in BiH. System-wide solvency and liquidity indicators appear broadly appropriate, but significant pockets of vulnerability remain. On the basis of the supervisory data used, stress tests suggest that aggregate stress losses, mainly related to increased provisions in the loan book, although non-negligible, remain broadly manageable. Similarly, system-wide liquidity ratios appear broadly adequate. Nevertheless, there are several banks within the system—mainly small domestically owned banks—with a wide range of significant vulnerabilities. These include, low liquidity ratios, large concentration risks, and round-trip cross-border exposures.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 44 pages
File Size : 53,7 Mb
Release : 2015-08-03
Category : Business & Economics
ISBN : 9781513580210

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Bosnia and Herzegovina by International Monetary Fund. Monetary and Capital Markets Department Pdf

This Technical Note discusses key findings and recommendations of the assessment on Systemic Liquidity Management, Financial Safety Net, Insolvency Framework, and Macroprudential Policy on Bosnia and Herzegovina. It is observed that there are constraints on the ability of both banks and the Central Bank of Bosnia and Herzegovina to manage liquidity. The system lacks a central bank liquidity window, and the secondary market for government securities is also small and illiquid. Liquidity regulations should be streamlined and the adoption of the liquidity coverage ratio would strengthen liquidity management. The deposit insurance framework is a relatively well-developed paybox scheme, but further enhancements of the deposit insurance arrangements would be beneficial.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 144 pages
File Size : 49,8 Mb
Release : 2015-08-03
Category : Business & Economics
ISBN : 9781513551616

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Bosnia and Herzegovina by International Monetary Fund. Monetary and Capital Markets Department Pdf

This Technical Note presents an update on Banking Sector Supervision Core Principles Implementation in Bosnia and Herzegovina. The system of banking supervision oversight has significantly improved since the last review in 2006, but shortcomings remain. Both supervisory authorities have made progress in enhancing the regulatory framework and supervisory processes since the 2006 Financial Sector Assessment Program. The banking agencies are in the process of preparing a new Law on Banks that should address deficiencies in the supervisory powers, resolution tools, and consolidated supervision. Comprehensive regulations on risk management have been drafted that will address remaining deficiencies that are highlighted in this assessment.

Author : International Monetary Fund
Publisher : Unknown
Page : 128 pages
File Size : 53,6 Mb
Release : 2015
Category : Banks and banking
ISBN : 1513558544

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Bosnia and Herzegovina by International Monetary Fund Pdf

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
Page : 55 pages
File Size : 48,5 Mb
Release : 2016-09-21
Category : Business & Economics
ISBN : 9781475537192

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Republic of Belarus by International Monetary Fund. European Dept. Pdf

This paper presents an assessment of financial system stability in Belarus. The findings reveal that the state-dominated financial sector of Belarus confronts several critical challenges. Deep and long-standing structural problems and negative external spillovers are distorting the credit channel and overall financial stability. Financial sector contingent liabilities are on the rise, accentuating an already weak fiscal situation. The government is directing a large proportion of loans from state-owned banks to unhedged state-owned companies. Foreign currency liquidity risk is high, and transition to independent and risk-based oversight of the financial sector is urgently required.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 50 pages
File Size : 53,6 Mb
Release : 2010-05-27
Category : Business & Economics
ISBN : 9781455205639

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Republic of Serbia by International Monetary Fund Pdf

This paper discusses key findings of the Financial Sector Assessment Program (FSAP) Update for Serbia. The assessment reveals that the financial system of Serbia has successfully weathered the global financial crisis, but faces the challenge of a possible further deterioration of the economic environment, with attendant effects on asset quality. The banking sector is highly capitalized and liquid, and displays considerable resilience in stress tests. Several important supervisory challenges remain despite an improvement in the supervisory framework since the 2005 FSAP.

Author : International Monetary Fund
Publisher : Unknown
Page : 128 pages
File Size : 55,8 Mb
Release : 2015
Category : Insurance
ISBN : 1513582623

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Bosnia and Herzegovina by International Monetary Fund Pdf

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 108 pages
File Size : 49,6 Mb
Release : 2015-08-03
Category : Business & Economics
ISBN : 9781513566405

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Bosnia and Herzegovina by International Monetary Fund. Monetary and Capital Markets Department Pdf

This Technical Note discusses key findings and recommendations of the assessment on the Insurance Sector for Bosnia and Herzegovina (BiH). It is observed that 10 insurance companies, accounting for 40 percent of the nonlife market, have low solvency margins and may require supervisory action in the near future. Motor Third Party Liability insurance remains under pressure as market participants are not always compliant with the statutory tariff. It is expected that the Insurance Agency of Bosnia and Herzegovina will enhance the harmonization of entity-level regulations within BiH as well as with the European Union insurance directives.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 75 pages
File Size : 51,9 Mb
Release : 2001-06-18
Category : Business & Economics
ISBN : 9781451831894

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Republic of Poland by International Monetary Fund Pdf

This report on Financial System Stability Assessment analyzes the financial sector issues, the regulatory and supervisory framework, macroeconomic risks, and the soundness of the financial system of Poland. This paper also describes the assessments of the banking, insurance, and securities regulations, and of the systemically important payment systems, as well as an assessment of the observance of the code of good practices on transparency of monetary and financial policies, and the great progress made in assimilating international best standards and practices.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 60 pages
File Size : 50,6 Mb
Release : 2013-04-12
Category : Business & Economics
ISBN : 9781484349908

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Republic of Kosovo by International Monetary Fund. Monetary and Capital Markets Department Pdf

This article summarizes the financial performance and crisis management of the Republic of Kosovo. Kosovo’s economic condition shows stability in systematic risks, but it also has vulnerabilities. Kosovo banks are exposed to macrofinancial risks because of its open economy, but the Central Bank of the Republic of Kosovo (CBK) has immensely promoted the growth and stability of the banking sector. CBK should also monitor certain interest rates, tax rates, and foreign rates. The current system should allow the growth of microfinance institutions to reach the competition in the global banking sector.