2021 Financial Sector Assessment Program Review —Background Paper On Scope

This background paper reviews the development of the scope of financial stability assessments under the FSAP since the 2014 FSAP Review.

Volume/Issue: Volume 2021 Issue 043

Publication date: June 2021

ISBN: 9781513583006

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Topics covered in this book

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Finance , Money and Monetary Policy , Political Economy , transparency policy , ASSESSMENT report , oversight framework ASSESSMENT , FSAP approach , financial system report , Financial Sector Assessment Program , Stress testing , Financial sector stability , Financial stability assessment , Systemic risk , Global

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Summary

This background paper reviews the development of the scope of financial stability assessments under the FSAP since the 2014 FSAP Review. The paper summarizes past experiences of such adaptation and observed trends with respect to the coverage of specific topics and then discusses possible directions to adjust the scope of future FSAPs over the next five years given the likely changes in the financial stability landscape. The paper also discusses collaboration with the World Bank as it pertains to the scope of financial stability assessments. It does not examine issues such as analytical approaches, participation, and resources, which are covered elsewhere in the FSAP Review.