Other ESW Reports

241 items available

Permanent URI for this collection

http://hdl.handle.net/10986/2209
This includes miscellaneous ESW types and pre-2003 ESW type reports that are subsequently completed and released.
Document Type: Publications & Research × Topic: Finance and Financial Sector Development ×

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    Publication
    Digitalizing SMEs to Boost Competitiveness
    (Washington, DC, 2022-10) World Bank
    While Malaysia’s digital economy had already been growing rapidly over the past decade, the Coronavirus disease (COVID-19) pandemic has further accelerated this trend. In particular, increased access to digital platforms has enabled businesses of all sizes to mitigate the crisis’ adverse impacts. At the same time, the depth and breadth of small and medium enterprise (SME) digitalization has remained limited, suggesting a growing risk of digital divide in the country. This report analyzes opportunities and challenges for Malaysian SMEs to better leverage digital tools and platforms to increase their productivity and competitiveness. It is structured around three complementary analytical pillars: (i) a digital business landscape diagnostic presenting the extent of digitalization and use of digital platforms among SMEs in traditional sectors, and the constraints that SMEs still face to digitalize; (ii) an institutional and policy mapping reviewing the government of Malaysia’s efforts to foster SME digitalization; and (iii) a digital market regulations assessment evaluating the adequacy of Malaysia’s digital regulatory environment, to identify shortcomings that may undermine SMEs’ capacity to access and benefit from the use of digital platforms. The analysis has been undertaken with a view to inform the implementation of the Malaysia Digital Blueprint (MyDIGITAL).
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    Publication
    Assessing Financial Risks from Physical Climate Shocks: A Framework for Scenario Generation
    (Washington, DC: World Bank, 2022-02-01) Ranger, Nicola Ann ; Mahul, Olivier ; Monasterolo, Irene
    Climate change has become a main concern of ministries of finance, central banks, and financial regulators. In response, a suite of scenarios and tools have been developed tthe potential scale of climate risks and underprice investments in resilience. This is particularly important for emerging markets and developing economies where exposure to physical climate risks is already high and is expected to further increase with climate change. The paper identifies five areas, or risk drivers, that make a material contribution to physical climate risks to the financial sector and that are not consistently included in current scenarios and tools: (1) extreme weather events; (2) uncertainties in climate models; (3) compound scenarios; (4) indirect economic impacts of shocks; and (5) feedback between the real economy and the financial sector. We derive a framework for generating scenarios to assess acute physical climate-related financial risks, which is inspired by the “Realistic Disaster Scenarios” that are used in risk management and supervision in the insurance sector. The framework is illustrated through an application of the EIRIN macroeconomic model. This framework aims to complement recent work by the Network of Central Banks and Supervisors for Greening the Financial System (NGFS) and the Financial Stability Board (FSB) to inform ministries of finance, central banks, financial regulators, and financial institutions on climate financial risk assessments, both for micro- and macroprudential risk management, and to incorporate climate risks into wider financial decision making and disclosures.o assess the financial risks from physical climate shocks (for example, hurricanes, droughts, wildfires, flooding). However, those scenarios do not fully capture such shocks, which could lead financial institutions to underestimate.
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    Publication
    The Role of Consumer Consent in Open Banking: Financial Inclusion Support Framework
    (Washington, DC, 2021-12) World Bank
    Open banking schemes provide consumers with more choice and new financial products and services through the use of technology, particularly application programing interfaces (API's). The main objective of this paper is to provide guidance on how to implement consumer consent protocols to access bank account data under open banking scenarios.