Chile
Chile

Author: International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Published: 2004-08-18

Total Pages: 51

ISBN-13: 9781451807523

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This paper highlights 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 Securities Regulation for Chile. The assessment reveals the Chilean banking system to be sound, resilient to shocks, and well supervised. Banks are well capitalized, profitable, internationally integrated, and have relatively low nonperforming loans. Stress tests indicate that they would absorb sizable macroeconomic shocks with only a moderate impact on their solvency. Although bank competition remains limited, it has increased significantly in recent years.

Barbados
Barbados

Author: International Monetary Fund. Monetary and Capital Markets Department

Publisher: International Monetary Fund

Published: 2014-02-12

Total Pages: 64

ISBN-13: 1484300408

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This paper discusses key findings of the Financial System Stability Assessment Report on Barbados. Barbados has a relatively well-developed financial system, including a large offshore sector. The onshore system is dominated by large, regionally active banks. Banking services to the population are also provided by the credit union sector. With a deteriorating fiscal situation and weak growth prospects, Barbados faces considerable macroeconomic vulnerabilities. Although the financial system does not appear to be a source of immediate risk, its position appears to be deteriorating, with implications for systemic stability.

Credit Guarantee Institutions and SME Finance
Credit Guarantee Institutions and SME Finance

Author: Paola Leone

Publisher: Springer

Published: 2012-01-17

Total Pages: 295

ISBN-13: 023036232X

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This book analyses and confronts the functioning of guarantee systems for SMEs in countries where these schemes had an important development. The book also highlights how the current financial crisis is modifying the guarantees schemes, through policy maker interventions.

International Monetary Fund Annual Report 2005
International Monetary Fund Annual Report 2005

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2005-09-16

Total Pages: 236

ISBN-13: 1589064267

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The Annual Report 2005 to the Board of Governors reviews the IMF's activities and policies during the financial year (May 1, 2004, through April 30, 2005). The main sections cover country, global, and regional surveillance; strengthening surveillance and crisis prevention; IMF program support and crisis resolution; the Fund's role in low-income countries; financial operations and policies; technical assistance and training; governance and management of the IMF; and cooperation, communication and outreach. Besides the full financial statements for the year, appendixes cover international reserves, financial operations and transactions, principal policy decisions, relations with other international organizations, press communiqués of advisory committees, Executive Directors and their voting power, and changes in the Executive Board's membership.

Mauritius
Mauritius

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2003-10-14

Total Pages: 67

ISBN-13: 1451827792

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The Financial System Stability Assessment of Mauritius assesses the standards and codes and the potential risks and vulnerabilities of the financial system. It summarizes the assessments of the standards and codes on the Basel Core Principles for effective banking supervision, systemically important payment systems, the IMF code of good practices on transparency in monetary and financial policies, and the antimoney laundering and combating the financing of terrorism. It provides input in formulating the overall assessment of financial stability, and an action plan in areas of nonobservance.

Mexico
Mexico

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2001-10-25

Total Pages: 81

ISBN-13: 1451825609

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This report reviews the main laws and regulations governing the Mexican financial system, and analyzes the financial system stability in Mexico. The study assesses the implementation of macroeconomic policies, the process of bank restructuring and consolidation, and sectoral and infrastructure factors. The paper also highlights the Observance of the Code of Good Practices on Transparency in Monetary and Financial Policies; Systemically Important Payment Systems; Basel Core Principle for Effective Banking Supervision; Insurance Supervisory Principles; and Objectives and Principles of Securities Regulation.

Transparency in Government Operations
Transparency in Government Operations

Author: Mr.J. D. Craig

Publisher: International Monetary Fund

Published: 1998-02-03

Total Pages: 50

ISBN-13: 155775697X

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Transparency in government operations is widely regarded as an important precondition for macroeconomic fiscal sustainability, good governance, and overall fiscal rectitude. Notably, the Interim Committee, at its April and September 1996 meetings, stressed the need for greater fiscal transparency. Prompted by these concerns, this paper represents a first attempt to address many of the aspects of transparency in government operations. It provides an overview of major issues in fiscal transparency and examines the IMF's role in promoting transparency in government operations.

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance
Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance

Author: El Bachir Boukherouaa

Publisher: International Monetary Fund

Published: 2021-10-22

Total Pages: 35

ISBN-13: 1589063953

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This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.