The insurance industry in Turkey is a small but growing part of the economy. In 2015, the sector comprised less than 3 percent of all financial services sector assets. From 2006 until 2015, however, gross premiums written grew at an average annual rate of approximately 22 percent (7.4 percent at...

The fundamental challenges confronting the Turkish financial system are to reduce dependence on external and foreign currency financing and to increase the maturity and diversity of funding instruments on which banks and firms depend. The long-standing shortfall of national savings to finance...

A joint International Monetary Fund (IMF)-World Bank mission visited Rabat and Casablanca in 2015, to assess the soundness and resilience of the banking system, the state of play in financial inclusion and infrastructure, the oversight frameworks for banking, capital markets and financial market...

Lebanon has maintained financial stability through repeated shocks and challenges for the last quarter century. Over time, macroeconomic and financial vulnerabilities have accumulated. Government debt and deposits at the Banque du Liban (BdL) account for close to half of aggregate bank assets...

Morocco has made important progress in economic development and financial inclusion since the 2007 Financial Sector Assessment Program (FSAP). Sustained economic growth has contributed to reducing poverty and greater sharing of economic prosperity. The financial sector has emerged as one of the...

This assessment provides an understanding of the significant regulatory and supervisory framework for the insurance sector of Malaysia. The assessment was conducted by Mark Causevic (external expert from OSFI Canada) during April 2012. Malaysia is undertaking the Financial Sector Assessment...