The Czech financial system is confronted with mounting risks that stem mainly from negative developments in the European Union (EU). This technical note focuses on crisis management and bank resolution framework for the Czech Republic. It summarizes the high-level observations of the mission...

The Bank Negara Malaysia (BNM) employs a well-developed risk-focused regulatory and supervisory regime. Despite this, a clear gap exists in the application of the supervision and regulation regime to financial holding companies. BNM is to be commended for its thoughtful and comprehensive...

The Republic of Tajikistan’s Financial System Stability Assessment and reports on the Observance of Standards and Codes are examined. The Tajik financial system is small despite recent rapid growth. Overall, banks remain well capitalized and liquid, but the brisk expansion of their loan...

This technical note presents an update to the Financial System Stability Assessment (FSSA) on Switzerland. It reveals that current domestic macroeconomic and financial sector conditions are favorable, and the main downside risks to the financial sector are external. Stress tests confirm the...

This Selected Issues paper underlies the financial sector developments in Niger. The paper presents an overview of the financial sector of Niger and discusses the recent banking developments. It analyzes the recent trends in key microfinance indicators, and investigates reasons behind...

The report summarizes the assessment of Financial Sector Supervision and Regulation on Reports on the Observance of Standards and Codes (ROSC) on banking supervision, insurance supervision, and securities regulation of Cyprus. The report assesses that the financial system in Cyprus is in a...

This 2006 Article IV Consultation highlights that economic activity in Cyprus has recovered from a relatively weak performance in 2002–03. Declines in interest rates and strong capital inflows associated with Cyprus’s accession to the European Union in May 2004 spurred growth in...

This study reviews the structure of the Trust and Corporate Service Providers (TCSP) sector in the British Virgin Islands (BVI), focusing on their role in the offshore financial sector, and seeks to assess the legislative framework in place as well as effectiveness of implementation and...

The Slovenian banking system has been transformed by Slovenia’s accession to the European Union. Banking sector regulation and supervision is generally in line with international standards. The global crisis affected Slovenia’s economy significantly, and most banks in the system...

The 2007 Article IV Consultation on the Republic of Kazakhstan focuses on the appropriate policy response to mounting banking sector risks and continuing inflation pressures. Banking sector risks are mounting and inflation remains relatively high. The authorities intend to continue raising...