IMF to make changes to financial assessment programme
Fund says FSAP should focus on smaller financial companies, business models and risk management
The International Monetary Fund has identified three necessary changes to its financial sector assessment programme (FSAP) in the wake of the March 2023 bank failures.
In a blogpost published on August 8, Tobias Adrian, the fund’s director of the monetary and capital markets department, and Hiroko Oura, who oversees the FSAP and IMF stress tests, explain the need to update the programme.
They argue the programme’s risk analysis should pay more attention to smaller financial companies
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