Maldives: Financial Sector Assessment Program-Technical Note on Macroprudential Policy

Maldives: Financial Sector Assessment Program-Technical Note on Macroprudential Policy
READ MORE...
Volume/Issue: Volume 2024 Issue 021
Publication date: January 2024
ISBN: 9798400266430
$20.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
English
Prices in red indicate formats that are not yet available but are forthcoming.
Summary

The Maldives Monetary Authority (MMA) is the entity responsible for maintaining financial stability. The Board of the monetary authority has decision-making powers over MMA’s three mandates (in order of priority): maintain price stability, maintain financial stability, provide assistance to the government in attaining economic development and stability. To maintain financial stability, MMA regulates and supervises the financial institutions and oversees the payments and settlements system. It also houses a Credit Information Bureau (CIB), a key element for both micro and macroprudential supervision. The securities market, outside of the scope of MMA, is regulated by the Capital Market Development Authority (CMDA).