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The U.K. financial sector is globally systemic, open, and complex. It has weathered the COVID-19 pandemic fittingly, thanks to the post-GFC reforms, a proactive macroprudential stance, and an effective multipronged response to maintain financial stability. Brexit uncertainties are being handled...
Persistent link: https://www.econbiz.de/10013168903
This Selected Issues paper analyzes France's fiscal stance using a structural stochastic model. The theoretical model features a forward-looking benevolent government that needs to decide the optimal fiscal stance given the level of public debt, the cyclical position of the economy, and...
Persistent link: https://www.econbiz.de/10012108360
The economy recovered strongly in 2021, following an unprecedented real output contraction in 2020. However, the outlook remains precarious amidst projected future low growth, high unemployment and adverse debt dynamics, and the recovery pace is unlikely to be sustained. Ample buffers allowed...
Persistent link: https://www.econbiz.de/10013169066
Italian insurance sector since the last assessment concluded in 2013. The mission conducted a target review focusing on the … weaknesses without a full assessment of Italy's observance with the International Association of Insurance Supervisors (IAIS …) Insurance Core Principles (ICPs). Implementation of the European Union (EU) Solvency II Directive in 2016 has significantly …
Persistent link: https://www.econbiz.de/10012266779
This paper provides an assessment of the insurance sector in the United Kingdom. The United Kingdom has one of the … deepest, most developed insurance markets in the world. Insurance penetration is 50 percent higher than in the European Union … or other advanced economies, and the expenditure per capita in insurance amounts to USD 5,429 as compared with USD 3 …
Persistent link: https://www.econbiz.de/10011675319
This Technical Note on Insurance Sector Regulation and Supervision provides an update and an assessment of the … development of regulation and supervision of the Polish insurance sector since an assessment concluded in 2012. The note focuses … insurer, poses supervisory challenges. In respect to the selected other areas of the insurance framework that were reviewed …
Persistent link: https://www.econbiz.de/10012011454
Persistent link: https://www.econbiz.de/10001759463
This Technical Note evaluates banking regulation and supervision in Sweden. The Finansinspektionen (Financial … third quarter of 2014. The FI has also implemented a new system for management of banking and insurance supervisory data … structured risk assessments for the four large banking groups. Concerns raised in the 2011 Financial Stability Assessment Program …
Persistent link: https://www.econbiz.de/10011756168
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