Colombia Financial Sector Assessment Program Technical Note On Macroprudential Framework Policy And Tools

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Colombia: Financial Sector Assessment Program-Technical Note on Macroprudential Framework Policy and Tools

International Monetary,International Monetary Fund. Monetary and Capital Markets Department
Colombia Financial Sector Assessment Program Technical Note on Macroprudential Framework Policy and Tools Book PDF

Author : International Monetary,International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 22 pages
File Size : 47,7 Mb
Release : 2022-06-03
Category : Business & Economics
ISBN : 9798400212239

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Colombia: Financial Sector Assessment Program-Technical Note on Macroprudential Framework Policy and Tools by International Monetary,International Monetary Fund. Monetary and Capital Markets Department Pdf

There has been little change in the institutional framework for macroprudential policy oversight since the last FSAP. Macroprudential policy for the banking sector is a shared competency of the Financial Superintendency of Colombia (SFC), the Banco de la República (BR), and the Ministry of Finance (MHCP), although the SFC and the MHCP play dominant roles. The Financial Sector Coordination and Monitoring Committee (CCSSF), which consists of the three institutions and the Financial Institutions Guarantee Fund (Fogafin), is the main platform for information sharing and cooperation, but it does not have a macroprudential mandate or any formal powers. The SFC supervises asset managers and insurance companies, but there is no formal macroprudential oversight framework for those types of financial institutions.

Philippines: Financial Sector Assessment Program-Technical Note on Macroprudential Policy Framework and Tools

International Monetary,International Monetary Fund. Monetary and Capital Markets Department
Philippines Financial Sector Assessment Program Technical Note on Macroprudential Policy Framework and Tools Book PDF

Author : International Monetary,International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 40 pages
File Size : 45,6 Mb
Release : 2022-06-07
Category : Business & Economics
ISBN : 9798400210679

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Philippines: Financial Sector Assessment Program-Technical Note on Macroprudential Policy Framework and Tools by International Monetary,International Monetary Fund. Monetary and Capital Markets Department Pdf

The Bangko Sentral Ng Pilipinas (BSP), together with the other financial sector regulators and the Department of Finance (DoF), made significant progress in developing a framework for macroprudential supervision. The BSP plays a central role as the bank and payment system supervisor, as well as macroprudential authority with with its financial stability mandate obtained in 2019, and the chair of inter-agency coordination mechanisms (Financial Stability Coordination Council, FSCC). The FSCC was established in 2011 as a voluntary interagency body (without decision-making powers) to coordinate macroprudential policies and crisis management and include the BSP, Securities Exchange Commission (SEC), Insurance Commission (IC), Philippine Deposit Insurance Commission (PDIC) and the DoF. Within the BSP, a financial stability “unit” (OSRM, established in 2017) works on macroprudential analysis and policy preparation. BSP’s Financial Stability Policy Committee (FSPC), a Monetary Board (MB) subcommittee established in 2020, decides on macroprudential issues, while policy decision making on monetary policy and financial sector supervision takes place in the MB.

Ireland

International Monetary,International Monetary Fund. Monetary and Capital Markets Department
Ireland Book PDF

Author : International Monetary,International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 52 pages
File Size : 43,8 Mb
Release : 2022-09-09
Category : Business & Economics
ISBN : 9798400217876

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Ireland by International Monetary,International Monetary Fund. Monetary and Capital Markets Department Pdf

Ireland is a small open economy that is part of a monetary union and has a major financial system. Within the Euro Area (EA), Ireland comprises a relatively small proportion of aggregate GDP (3.4 percent), of which a significant portion is attributable to foreign-owned multinational enterprises (MNEs). Yet, the Irish financial system holds assets of EUR 7.9 trillion, over 18 times GDP. Since monetary policy is carried out by the European Central Bank (ECB) for the entire EA, macroprudential policy has the potential to play a critical stabilizing role for the Irish financial system.

Colombia: Financial Sector Assessment Program-Technical Note-Crisis Management, Resolution, and Safety Nets

International Monetary,International Monetary Fund. Monetary and Capital Markets Department
Colombia Financial Sector Assessment Program Technical Note Crisis Management Resolution and Safety Nets Book PDF

Author : International Monetary,International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 28 pages
File Size : 48,6 Mb
Release : 2022-06-03
Category : Business & Economics
ISBN : 9798400212697

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Colombia: Financial Sector Assessment Program-Technical Note-Crisis Management, Resolution, and Safety Nets by International Monetary,International Monetary Fund. Monetary and Capital Markets Department Pdf

The first mission of the Colombia FSAP was conducted virtually during June 1–21, 2021. This technical note focuses on the developments in the crisis management framework for the banking sector. The assessment examines the Colombian financial safety net and crisis management arrangements in light of the international best practices and standards on resolution and deposit insurance standards.

Spain

International Monetary Fund. Monetary and Capital Markets Department
Spain Book PDF

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 45 pages
File Size : 42,7 Mb
Release : 2017-11-13
Category : Business & Economics
ISBN : 9781484327050

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Spain by International Monetary Fund. Monetary and Capital Markets Department Pdf

This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for Spain in the areas of systemic risk oversight framework and macroprudential policy. Macroprudential oversight for banking is a shared responsibility between Banco de España (BdE) and the European Central Bank. The macroprudential policy stance appears broadly appropriate. BdE has put in place a framework for calibrating capital buffers. The countercyclical capital buffer is currently at zero given that a new financial cycle upturn has not started and a still-negative credit gap and weakly recovering housing prices. The existing macroprudential toolkit would benefit from expansion, particularly to include more effective tools to deal with risks associated with real estate exposures.

Colombia: Financial Sector Assessment Program-Technical Note on Risk Analysis

International Monetary,International Monetary Fund. Monetary and Capital Markets Department
Colombia Financial Sector Assessment Program Technical Note on Risk Analysis Book PDF

Author : International Monetary,International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 88 pages
File Size : 49,7 Mb
Release : 2022-06-03
Category : Business & Economics
ISBN : 9798400212352

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Colombia: Financial Sector Assessment Program-Technical Note on Risk Analysis by International Monetary,International Monetary Fund. Monetary and Capital Markets Department Pdf

The Financial Sector Assessment Program (FSAP) risk analysis work was conducted in the aftermath of the initial COVID shock and subsequent lockdowns, and while a strong economic recovery was underway in Colombia during 2021. Given the persistent uncertainty around the evolution of the COVID-19 virus, and for the trajectory of the economic recovery, the outlook remained subject to significant revisions throughout the year. While the workstreams took the latest macroeconomic and supervisory data updates into account as much as possible for the various analyses, the test results and their implications should be interpreted with caution due to high uncertainty around the central projections and downside risks.

Spain

International Monetary Fund. Monetary and Capital Markets Department
Spain Book PDF

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 28 pages
File Size : 44,9 Mb
Release : 2017-11-13
Category : Business & Economics
ISBN : 9781484327074

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Spain by International Monetary Fund. Monetary and Capital Markets Department Pdf

This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for Spain regarding institutional arrangements for financial sector oversight. The macroprudential policy framework for banking is now in place, although the national macroprudential authority has not been established. Banco de España is the national designated authority for exercising certain macroprudential powers and, under the Banking Union, shares macroprudential oversight with the European Central Bank, which possesses “top-up” powers. It is recommended that the macroprudential toolkit be expanded, particularly to include more effective tools to deal with risks associated with real estate exposures. Monitoring of system-wide trends also needs to be conducted with a greater focus on risks and macro-financial perspectives.

Colombia

International Monetary Fund. Monetary and Capital Markets Department
Colombia Book PDF

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 87 pages
File Size : 52,9 Mb
Release : 2013-02-22
Category : Business & Economics
ISBN : 9781475525366

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Colombia by International Monetary Fund. Monetary and Capital Markets Department Pdf

In this paper, the structure of Colombia’s financial sector is analyzed and various risks of the financial sector are studied. Supervision of the financial system can be performed by supervisory architecture, banking supervision, various securities, and insurance policies. Systemic liquidity provision, deposit insurance, and bank resolution form the financial safety net. Finally, financial stability and macroprudential framework have been discussed. Macroprudential tools and policies are also explained in detail.

Colombia

International Monetary Fund. Monetary and Capital Markets Department
Colombia Book PDF

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 87 pages
File Size : 43,7 Mb
Release : 2013-02-22
Category : Business & Economics
ISBN : 9781475530919

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Colombia by International Monetary Fund. Monetary and Capital Markets Department Pdf

In this paper, the structure of Colombia’s financial sector is analyzed and various risks of the financial sector are studied. Supervision of the financial system can be performed by supervisory architecture, banking supervision, various securities, and insurance policies. Systemic liquidity provision, deposit insurance, and bank resolution form the financial safety net. Finally, financial stability and macroprudential framework have been discussed. Macroprudential tools and policies are also explained in detail.

Macroprudential Policy - An Organizing Framework - Background Paper

International Monetary Fund. Monetary and Capital Markets Department
Macroprudential Policy An Organizing Framework Background Paper Book PDF

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 33 pages
File Size : 55,6 Mb
Release : 2011-03-14
Category : Business & Economics
ISBN : 9781498339179

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Macroprudential Policy - An Organizing Framework - Background Paper by International Monetary Fund. Monetary and Capital Markets Department Pdf

MCM conducted a survey in December 2010 to take stock of international experiences with financial stability and the evolving macroprudential policy framework. The survey was designed to seek information in three broad areas: the institutional setup for macroprudential policy, the analytical approach to systemic risk monitoring, and the macroprudential policy toolkit. The survey was sent to 63 countries and the European Central Bank (ECB), including all countries in the G-20 and those subject to mandatory Financial Sector Assessment Programs (FSAPs). The target list is designed to cover a broad range of jurisdictions in all regions, but more weight is given to economies that are systemically important (see Annex for details). The response rate is 80 percent. This note provides a summary of the survey’s main findings.

Canada

International Monetary Fund. Monetary and Capital Markets Department
Canada Book PDF

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 85 pages
File Size : 47,8 Mb
Release : 2019-06-24
Category : Business & Economics
ISBN : 9781498321112

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Canada by International Monetary Fund. Monetary and Capital Markets Department Pdf

This Financial System Stability Assessment paper discusses that Canada has enjoyed favorable macroeconomic outcomes over the past decades, and its vibrant financial system continues to grow robustly. However, macrofinancial vulnerabilities—notably, elevated household debt and housing market imbalances—remain substantial, posing financial stability concerns. Various parts of the financial system are directly exposed to the housing market and/or linked through housing finance. The financial system would be able to manage severe macrofinancial shocks. Major deposit-taking institutions would remain resilient, but mortgage insurers would need additional capital in a severe adverse scenario. Housing finance is broadly resilient, notwithstanding some weaknesses in the small non-prime mortgage lending segment. Although banks’ overall capital buffers are adequate, additional required capital for mortgage exposures, along with measures to increase risk-based differentiation in mortgage pricing, would be desirable. This would help ensure adequate through-the cycle buffers, improve mortgage risk-pricing, and limit procyclical effects induced by housing market corrections.

Staff Guidance Note on Macroprudential Policy

International Monetary Fund
Staff Guidance Note on Macroprudential Policy Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 45 pages
File Size : 42,7 Mb
Release : 2014-06-11
Category : Business & Economics
ISBN : 9781498342629

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Staff Guidance Note on Macroprudential Policy by International Monetary Fund Pdf

This note provides guidance to facilitate the staff’s advice on macroprudential policy in Fund surveillance. It elaborates on the principles set out in the “Key Aspects of Macroprudential Policy,” taking into account the work of international standard setters as well as the evolving country experience with macroprudential policy. The main note is accompanied by supplements offering Detailed Guidance on Instruments and Considerations for Low Income Countries

Key Aspects of Macroprudential Policy - Background Paper

International Monetary Fund. Fiscal Affairs Dept.,International Monetary Fund. Monetary and Capital Markets Department
Key Aspects of Macroprudential Policy Background Paper Book PDF

Author : International Monetary Fund. Fiscal Affairs Dept.,International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 64 pages
File Size : 41,8 Mb
Release : 2013-10-06
Category : Business & Economics
ISBN : 9781498341714

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Key Aspects of Macroprudential Policy - Background Paper by International Monetary Fund. Fiscal Affairs Dept.,International Monetary Fund. Monetary and Capital Markets Department Pdf

The countercyclical capital buffer (CCB) was proposed by the Basel committee to increase the resilience of the banking sector to negative shocks. The interactions between banking sector losses and the real economy highlight the importance of building a capital buffer in periods when systemic risks are rising. Basel III introduces a framework for a time-varying capital buffer on top of the minimum capital requirement and another time-invariant buffer (the conservation buffer). The CCB aims to make banks more resilient against imbalances in credit markets and thereby enhance medium-term prospects of the economy—in good times when system-wide risks are growing, the regulators could impose the CCB which would help the banks to withstand losses in bad times.

Brazil

International Monetary Fund
Brazil Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 64 pages
File Size : 49,7 Mb
Release : 2012-07-31
Category : Business & Economics
ISBN : 9781475530735

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Brazil by International Monetary Fund Pdf

The paper discusses the stability of Brazil's financial system, which is diversified and shows sustained economic progress. Fiscal and monetary policies have been aimed to improve bank reserves, and foreign exchange intervention has been streamlined to curb volatility in the exchange market. These measures have been effective in achieving the immediate targets, maintaining macroeconomic stability, and ensuring adequate financial sector buffers. However, there are indications of emerging strains in some sectors and asset classes.

Canada

International Monetary Fund. Monetary and Capital Markets Department
Canada Book PDF

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : INTERNATIONAL MONETARY FUND
Page : 0 pages
File Size : 45,7 Mb
Release : 2014-03-07
Category : Business & Economics
ISBN : 1484329821

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Canada by International Monetary Fund. Monetary and Capital Markets Department Pdf

This report underlies Canada’s Financial Sector Assessment Program (FSAP) in the areas of crisis management and blank resolution. The provincial deposit insurance systems (DIS) and resolution frameworks are highly heterogeneous and the FSAP’s analysis suggests that the preparedness to overcome financial stress should be enhanced. The IMF report discusses that the federal legal and institutional arrangements for resolving individual financial institutions are robust. It suggests that clear mandates should be assigned to: (1) monitor systematic risk to facilitate macroprudential oversight; and (2) carry out system wide crisis preparedness.