Philippines Financial Soundness Indicators

Author : International Monetary,International Monetary Fund. Statistics Dept.
Publisher : International Monetary Fund
Page : 27 pages
File Size : 40,7 Mb
Release : 2021-11-17
Category : Business & Economics
ISBN : 9781557753526

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Philippines: Financial Soundness Indicators by International Monetary,International Monetary Fund. Statistics Dept. Pdf

With the support of the IMF’s Asia and Pacific Department (APD) and the Bangko Sentral ng Pilipinas (BSP), an IMF Statistics Department (STA)’s remote financial soundness indicators (FSIs) technical assistance (TA) mission took place during April 30–May 14, 2021. The main objective of the mission was to assist the BSP in compiling FSI for the other financial corporations (OFCs) sector, in line with the 2019 Financial Soundness Indicators Compilation Guide (Guide). Specifically, the Guide recommends compiling indicators for money market funds, insurance corporations, and pension funds, as well as for the total OFC sector. The work of the mission was facilitated by the excellent collaboration of BSP’s staff, in particular of the Department of Economic Statistics (DES). The list of officials met during the mission can be found in Appendix I.

Author : Michel Camdessus
Publisher : Unknown
Page : 57 pages
File Size : 54,5 Mb
Release : 1996
Category : International economic relations
ISBN : 1557756171

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Le FMI Face À L'intégration de L'économie Mondiale by Michel Camdessus Pdf

Author : International Monetary,International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 71 pages
File Size : 43,7 Mb
Release : 2021-04-09
Category : Business & Economics
ISBN : 9781513576763

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

GDP contracted by 91⁄2 percent in 2020—a much steeper decline than during the Asian Financial Crisis (AFC)—but it is now recovering with the easing of containment measures and economic policy support. Banks are closely connected to the corporate sector through high credit exposures and conglomerate ownership linkages. The Financial Action Task Force (FATF) may list the Philippines as a jurisdiction with serious Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) deficiencies in 2021. The country is also vulnerable to climate change (physical) risks, especially the destruction of physical capital from typhoons.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 302 pages
File Size : 51,6 Mb
Release : 2006-04-04
Category : Business & Economics
ISBN : 9781589063853

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Financial Soundness Indicators by International Monetary Fund Pdf

Financial Soundness Indicators (FSIs) are measures that indicate the current financial health and soundness of a country's financial institutions, and their corporate and household counterparts. FSIs include both aggregated individual institution data and indicators that are representative of the markets in which the financial institutions operate. FSIs are calculated and disseminated for the purpose of supporting macroprudential analysis--the assessment and surveillance of the strengths and vulnerabilities of financial systems--with a view to strengthening financial stability and limiting the likelihood of financial crises. Financial Soundness Indicators: Compilation Guide is intended to give guidance on the concepts, sources, and compilation and dissemination techniques underlying FSIs; to encourage the use and cross-country comparison of these data; and, thereby, to support national and international surveillance of financial systems.

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 117 pages
File Size : 52,9 Mb
Release : 2015-09-01
Category : Business & Economics
ISBN : 9789292570903

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Financial Soundness Indicators for Financial Sector Stability in Viet Nam by Asian Development Bank Pdf

Financial soundness indicators (FSIs) are methodological tools that help quantify and qualify the soundness and vulnerabilities of financial systems according to five areas of interests: capital adequacy, asset quality, earnings, liquidity, and sensitivity to market risk. With support from the Investment Climate Facilitation Fund under the Regional Cooperation and Integration Financing Facility, this report describes the development of FSIs for Viet Nam and analyzes the stability and soundness of the Vietnamese banking system by using these indicators. The key challenges to comprehensively implementing reforms and convincingly addressing the root causes of the banking sector problems include (i) assessing banks' recapitalization needs, (ii) revising classification criteria to guide resolution options, (iii) recapitalization and restructuring that may include foreign partnerships, (iv) strengthening the Vietnam Asset Management Company, (v) developing additional options to deal with nonperforming loans, (vi) tightening supervision to ensure a sound lending practice, (vii) revamping the architecture and procedures for crisis management, and (viii) strengthening financial safety nets during the reform process.

Author : Mr.Mahinder Singh Gill,Mr.Paul Louis Ceriel Hilbers,Mr.Alfredo Mario Leone,Mr.Owen Evens
Publisher : INTERNATIONAL MONETARY FUND
Page : 0 pages
File Size : 46,5 Mb
Release : 2000-04-15
Category : Business & Economics
ISBN : 1557758913

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Macroprudential Indicators of Financial System Soundness by Mr.Mahinder Singh Gill,Mr.Paul Louis Ceriel Hilbers,Mr.Alfredo Mario Leone,Mr.Owen Evens Pdf

Following the severe financial crises of the 1990s, identifying and assessing financial sector vulnerabilities has become a key priority of the international community. The costly disruptions in global markets underscored the need to establish a set of monitorable variables for evaluating strengths and weaknesses in financial institutions and to alert authorities of impending problems. These variables, indicators, of financial system health and stability known collectively as macroprudential indicators, are the subject of this Occasional Paper by the Monetary and Exchange Affairs Department and the Statistics Department. Macroprudential indicators take measures at both the level of aggregated financial institutions and at the macroeconomic level; financial crises often occur when weaknesses are identified in both. The authors provide a breakdown and explanations of these indicators and a review of the theoretical and empirical work done thus far. Work at other international and multilateral institutions is included as well as the experiences of several national central banks and supervisory agencies. This paper provides a valuable reference source of current knowledge about macroprudential indicators and issues related to their analysis, identification, measurement, and possible dissemination.

Author : Vasudevan Sundararajan,Fonds monétaire international,Charles Enoch,Armida San Jose,Paul Hilbers,Russell Krueger,Marina Moretti,Graham Slack,International Monetary Fund Staff
Publisher : Unknown
Page : 111 pages
File Size : 43,6 Mb
Release : 2002
Category : Bank examination
ISBN : 1589060865

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Financial Soundness Indicators by Vasudevan Sundararajan,Fonds monétaire international,Charles Enoch,Armida San Jose,Paul Hilbers,Russell Krueger,Marina Moretti,Graham Slack,International Monetary Fund Staff Pdf

This paper discusses recent advances in the development of indicators to assess the strengths and vulnerabilities of financial systems, in order to support the ongoing efforts of national authorities and private institutions worldwide to monitor financial system soundness. It also considers the use of such indicators in the operational work of the IMF, and identifies significant gaps in knowledge and directions for future work.

Author : Nigel Davies,Richard Podpiera,Mr.Udaibir S. Das
Publisher : International Monetary Fund
Page : 45 pages
File Size : 40,9 Mb
Release : 2003-07-01
Category : Business & Economics
ISBN : 9781451856002

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Insurance and Issues in Financial Soundness by Nigel Davies,Richard Podpiera,Mr.Udaibir S. Das Pdf

This paper explores insurance as a source of financial system vulnerability. It provides a brief overview of the insurance industry and reviews the risks it faces, as well as several recent failures of insurance companies that had systemic implications. Assimilation of banking-type activities by life insurers appears to be the key systemic vulnerability. Building on this experience and the experience gained under the FSAP, the paper proposes key indicators that should be compiled and used for surveillance of financial soundness of insurance companies and the insurance sector as a whole.

Author : Selim Raihan
Publisher : Asian Development Bank
Page : 94 pages
File Size : 44,5 Mb
Release : 2015-09-01
Category : Business & Economics
ISBN : 9789292570842

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Financial Soundness Indicators for Financial Sector Stability in Bangladesh by Selim Raihan Pdf

Financial soundness indicators (FSIs) are compiled to monitor the health and soundness of financial institutions and markets, and of their corporate and household counterparts. With support from the Investment Climate Facilitation Fund under the Regional Cooperation and Integration Financing Facility, this report describes the development of FSIs for Bangladesh and analyzes FSIs to identify key challenges to financial sector stability in the country. A large number of FSIs are not yet available for Bangladesh, notably outside the formal banking sector including nonbank financial institutions, insurance companies, and microfinance institutions. Another key challenge for Bangladesh is the improvement of coverage, frequency, timeliness, and quality of FSIs and to make them more available to a wider audience.

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 132 pages
File Size : 44,8 Mb
Release : 2015-09-01
Category : Business & Economics
ISBN : 9789292570866

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Financial Soundness Indicators for Financial Sector Stability by Asian Development Bank Pdf

The development and analysis of financial soundness indicators help policy makers identify the strengths and vulnerabilities in their countries' financial systems and take preventive action to avert a crisis or at least minimize its effects. This publication presents the country-case studies for Bangladesh, Georgia, and Viet Nam focusing on the growing evidences in the development of financial soundness indicators to effectively monitor the financial performance of the country. With the support from Investment Climate Facilitation Fund under the Regional Cooperation and Integration Financing Facility, the tales of three countries shows the diverse financial vulnerabilities of each economy. For example, Georgia and Viet Nam have met capital adequacy standards but Bangladesh has faltered in this aspect for it requires an injection of capital into state-owned commercial banks that is contingent upon improved governance. On the other hand, Georgia and Viet Nam could have been more susceptible to global economic crises than Bangladesh. A significant amount of public and private debt in Georgia is denominated in foreign currency while Viet Nam's economic openness---largely because of rapid economic integration in East Asia---has made it vulnerable to global economic slowdowns.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 65 pages
File Size : 45,9 Mb
Release : 2019-07-15
Category : Business & Economics
ISBN : 9781498325806

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

This Financial System Stability Assessment paper on Singapore highlights the attractiveness of Singapore as a financial center is underpinned by strong economic fundamentals, sound economic policies, and a sophisticated financial oversight framework. The financial system is exposed to global and regional macrofinancial shocks through significant trade and financial channels but appears resilient even under adverse scenarios. However, banks’ US dollar liquidity is vulnerable to stress conditions. Fintech developments so far have focused on partnerships with existing financial institutions and do not appear to contribute significantly to systemic risk. Singapore authorities should continue to enhance its strong oversight of the financial system. Strengthening the framework for resolution and safety nets, namely by devoting more resources to the Monetary Authority of Singapore (MAS)’ Resolution Unit; and enhancing the oversight of MAS Electronic Payments System by ensuring more staffing resources are two other important areas for action.

Author : Asli Demirguc-Kunt,Leora Klapper,Dorothe Singer,Saniya Ansar
Publisher : World Bank Publications
Page : 148 pages
File Size : 40,7 Mb
Release : 2018-04-19
Category : Business & Economics
ISBN : 9781464812682

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The Global Findex Database 2017 by Asli Demirguc-Kunt,Leora Klapper,Dorothe Singer,Saniya Ansar Pdf

In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.

Author : International Monetary,International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 92 pages
File Size : 54,6 Mb
Release : 2022-06-07
Category : Business & Economics
ISBN : 9798400210181

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Philippines: Financial Sector Assessment Program-Technical Note on Risk Assessment of Banks, Non-Financial Corporates, and Macro-Financial Linkages by International Monetary,International Monetary Fund. Monetary and Capital Markets Department Pdf

The Philippines is a dynamic economy with a relatively smaller financial system than other Asian emerging market economies, dominated by banks. The total assets of the system amount to 126 percent of GDP. However, bank credit is just over 50 percent of GDP and mostly goes to nonfinancial corporates (NFCs). Banks are also tightly interlinked with NFCs through conglomerate ownerships. Access to finance for individuals is significantly lower than comparator systems, with only a third of adults having formal accounts. Non-bank financial institutions and capital markets—especially bond markets—are substantially less developed than banks. The Fintech ecosystem is nascent.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 94 pages
File Size : 51,9 Mb
Release : 2012-04-18
Category : Business & Economics
ISBN : 9781616352479

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Global Financial Stability Report, April 2012 by International Monetary Fund. Monetary and Capital Markets Department Pdf

The April 2012 Global Financial Stability Report assesses changes in risks to financial stability over the past six months, focusing on sovereign vulnerabilities, risks stemming from private sector deleveraging, and assessing the continued resilience of emerging markets. The report probes the implications of recent reforms in the financial system for market perception of safe assets, and investigates the growing public and private costs of increased longevity risk from aging populations.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 180 pages
File Size : 51,9 Mb
Release : 1997-01-01
Category : Business & Economics
ISBN : 9781455216567

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Coordinated Portfolio investment Survey by International Monetary Fund Pdf

This paper presents a coordinated portfolio investment survey guide provided to assist national compilers in the conduct of the Coordinated Portfolio Investment Survey, conducted under the auspices of the IMF with reference to the year-end 1997. The guide covers a variety of conceptual issues that a country must address when conducting a survey. It also covers the practical issues associated with preparing for a national survey. These include setting a timetable, taking account of the legal and confidentiality issues raised, developing a mailing list, and maintaining quality control checks.