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The economy continues to contract, albeit at a somewhat slower pace. Public finances improved in 2021, but only because spending collapsed faster than revenue generation. Testament to the continued atrophy of Lebanon's economy, the Lebanese Pound continues to depreciate sharply. The sharp...
Persistent link: https://www.econbiz.de/10013538293
The 2007 financial crisis has exposed major weaknesses in global financial systems, including the threat to financial stability posed by banks that were too big, interconnected and complex to be closed or go bankrupt. As a result, many banks have been rescued using public support, allowing for...
Persistent link: https://www.econbiz.de/10012247959
In the aftermath of the 2007/08 financial crisis, and lacking sufficient coordinated guidelines or legislation, measures to address failing financial institutions in European Union (EU) Member States were taken at national level. In an effort to improve cross border coordination as well as to...
Persistent link: https://www.econbiz.de/10012247960
The Financial Sector's Cybersecurity: Regulation and Supervision identifies prevalent concepts and practices and presents them in a way for financial sector authorities to consider and apply to their respective jurisdictions. Starting with the debate of whether cyber-specific regulations are...
Persistent link: https://www.econbiz.de/10012645257
This report provides an assessment of the current state of development of financial safety nets and bank resolution frameworks in eight countries in southern Africa (Botswana, Eswatini [formerly Swaziland], Lesotho, Mozambique, Namibia, South Africa, Zambia, and Zimbabwe). It has been prepared...
Persistent link: https://www.econbiz.de/10012646076
This report is a stock-take of the state of prudential regulation and supervision of fintech. It focuses on prudential questions related to three primary products-transaction accounts (deposits and e-money accounts), credit, and payments. As such, the report covers e-money providers, P2P...
Persistent link: https://www.econbiz.de/10012646858
Governments face growing contingent liabilities from disasters as they tend to shoulder a significant share of disaster response and recovery costs. Disaster shocks increase government expenditure and hamper economic activities. An increasing number of countries are developing financial...
Persistent link: https://www.econbiz.de/10012646437
The world faces a triple crisis of three interconnected issues-development, climate, and nature― and current levels of … World Bank launched the Country Climate and Development Report (CCDR) in 2022. This core diagnostic tool aims to help … global climate change challenge. The first set of CCDRs covered only 10 percent of the world’s tropical forests, but the …
Persistent link: https://www.econbiz.de/10014579000
Cambodia has achieved remarkable economic development and political stabilization in recent years. Continuous high growth has heightened demand for high quality financial reporting and auditing in the corporate sector and in the government sector. This report on the observance of standards and...
Persistent link: https://www.econbiz.de/10013209205
conducted by the World Bank Centre for Financial Reporting Reform (CFRR) - Financial supervisors and external auditors: building …
Persistent link: https://www.econbiz.de/10012644792