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During the period June 2019 to October 2020 the World Bank (WB) and International Monetary Fund (IMF) teams updated the findings of the FinancialSector Assessment Program (FSAP) conducted in 2010. While the WB and IMF teams were able to visit the Philippines in 2019 in person, the 2020 missions...
Persistent link: https://www.econbiz.de/10012642785
Following a decade of conflicts, Western Balkan countries accomplished robust economic growth in the 2000s. This growth pattern was domestic demand driven and externally financed, hence was hampered significantly by the global financial crisis and subsequent euro area debt crisis. Despite modest...
Persistent link: https://www.econbiz.de/10012644528
The performance of the Malian economy is largely dependent on the performance of the agricultural sector. The overall good growth in the Malian economy over the last several years is attributed to the agricultural GDP growth. Since 1995, the economy grew at about 5 percent per year until 2010,...
Persistent link: https://www.econbiz.de/10012644583
This note summarizes the findings and conclusions of the review of the insurance sector in Mali. The review was conducted as part of the 2015 financial sector assessment program (FSAP) in Mali. The main objectives of the review are to assess the structure, performance, and outlook of the...
Persistent link: https://www.econbiz.de/10012644588
This assessment of the implementation of the BCP in India has been completed as part of the Financial Sector Assessment Program (FSAP), which has been undertaken by the International Monetary Fund (IMF) and the World Bank (WB) in 2017, at the request of the Indian authorities. The scope of the...
Persistent link: https://www.econbiz.de/10012644888
Persistent link: https://www.econbiz.de/10012644898
reduced investment returns are exposing many established life insurers to the risk of loss due to the rising value of their … the solvency standards into a modern, risk-based approach. The China-Risk Oriented Solvency Standards (C-ROSS) draw on … international practices and experience in the Chinese market to define solvency requirements that generally reflect risk as well as …
Persistent link: https://www.econbiz.de/10012644899
The China Banking Regulatory Commission (CBRC) has maintained its momentum in regulation and supervision in the face of exceptional growth in scale and increasing complexity of the banking system. Equally, the CBRC has risen to the demands of the international regulatory reform agenda,...
Persistent link: https://www.econbiz.de/10012644900
insurers through its risk based supervision scheme. During the recent market turmoil in 2015, the solvency requirement was … industry is exposed to significant catastrophic risk with domestic concentrations through mandatory reinsurance programs. The …
Persistent link: https://www.econbiz.de/10012644921
This Technical Note examines India's securities market and the regulatory system overseeing the securities market and market participants. It is based upon a mission to Mumbai, India from March 14 - 31, 2017, conducted as one component of a joint IMF-World Bank Financial Sector Assessment...
Persistent link: https://www.econbiz.de/10012645094