The Australian banking system, which holds approximately half of total financial systems assets, and is dominated by four major banks, is sound with high earnings, high asset growth, and low levels of problem assets. Stress tests did not reveal near-term stability concerns, suggesting the...

This paper presents key findings of the Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, and Payment Systems for the United Arab Emirates (UAE). The UAEs financial sector and...

This paper discusses key findings of the Financial System Stability Assessment (FSSA) and Reports on the Observance of Standards and Codes (ROSC) on Banking Supervision, Securities Regulation, Insurance Supervision and Regulation, and Securities Settlement Systems for Belgium. The assessment...

This paper reviews findings of the Detailed Assessment of Italy’s Compliance with the Basel Core Principles for Effective Banking Supervision. The Italian banking system seems to exhibit a high degree of resilience to possible macroeconomic shocks, as supported by the evolution of some...

Considerable progress has been achieved in the post-crisis repair of the UK economy. Private-sector indebtedness has been reduced, the financial sector regulatory framework has been overhauled, the fiscal deficit has been cut in half, and the employment rate has reached a record high. With the...

This Selected Issues paper analyzes the impact of the energy price shock on UK households and firms and describes the energy support measures introduced by the UK government. The paper also provides IMF staff's assessment of these measures and sets out some options to optimize the policy...

The 2023 Article IV Consultation with the United Kingdom discusses that market stress following the September 2022 "mini-budget" has dissipated, in the context of a successful financial stability intervention by the Bank of England (BoE) and two prudent budgets. The post-pandemic recovery was...

This technical assistance (TA) report on Anguilla focuses on modernization of the customs legislative framework. The mission prepared a framework for a customs Act in line with the recommendations made in the Caribbean Regional Technical Assistance Center (CARTAC) TA Assignment Report of April...

This Technical Report discusses the results of the Public Investment Management Assessment (PIMA) of the United Kingdom (UK) undertaken in April 2022. The assessment is timely as the UK plans to increase infrastructure investment in order to boost economic growth, reduce regional disparities and...

This Technical Report discusses the results of applying the climate-focused module of the Public Investment Management Assessment (PIMA) to the United Kingdom (UK) in October 2021. The UK has some of the most ambitious climate mitigation targets in the world, requiring a strong role for public...