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United Kingdom : financial sector assessment program : financial system stability assessment

Internationaler Währungsfonds - 2022

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

United Kingdom : financial sector assessment program : insurance sector : technical note

Internationaler Währungsfonds - 2016

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

South Africa : financial sector assessment program : financial system stability assessment

Internationaler Währungsfonds - 2022

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

People's Republic of China-Hong Kong Special Administrative Region : financial sector assessment program : technical note : insurance sector regulation and supervision

Internationaler Währungsfonds - 2021

This note provides an update and assessment of developments in insurance supervision since 2014. It is part of the 2020 …, 2019. It has not been updated for the impact of recent global events associated with the COVID-19 pandemic. The insurance … sector is large, especially long-term (life) insurance, highly international and has been growing steadily. The long …

Persistent link: https://www.econbiz.de/10012604079

Somalia : technical assistance report : internal audit and accounting training for the Central Bank of Somalia

Internationaler Währungsfonds - 2019

The CBS has taken steps to establish important pillars of a proper policy framework for financial reporting, auditing … the various CBS business units and recruiting an Information Technology (IT) professional to join the team. The Accounting … and Finance Department (AFD) is making progress in implementing accrual accounting, and accounting for foreign exchange …

Persistent link: https://www.econbiz.de/10011986750

Somalia : technical assistance report : internal audit and accounting training for the central bank of Somalia

Internationaler Währungsfonds - 2018

Somalia in developing proper frameworks for internal auditing and accounting to bring them toward international accepted norms …, and professional. To this end, a proper internal audit charter, audit committee charter, and internal auditing manual …

Persistent link: https://www.econbiz.de/10011940295

Montenegro : financial system stability assessment

Internationaler Währungsfonds - 2016

preserving financial stability. While the legal, regulatory, and supervisory frameworks for banking and insurance sector have …

Persistent link: https://www.econbiz.de/10011460156

Norway : financial sector assessment program : technical note : insurance sector oversight

Internationaler Währungsfonds - 2020

The Norwegian insurance sector is well-capitalized. In recent years, the authorities have taken steps to recapitalize …

Persistent link: https://www.econbiz.de/10012302809

Italy : financial sector assessment program : technical note : insurance sector regulation and supervision

Internationaler Währungsfonds - 2020

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

Switzerland : financial sector assessment program : technical note : insurance regulation and supervision

Internationaler Währungsfonds - 2019

Financial Sector Assessment Program; Technical Note-Insurance Regulation and Supervision …

Persistent link: https://www.econbiz.de/10012107579