World BankInternational Monetary Fund2012-06-062012-06-062005978-0-8213-6432-1https://hdl.handle.net/10986/7259The experience of many countries around the world clearly shows that while financial sector development can spur economic growth, financial fragility and instability can seriously harm growth. Following the financial crises of the late 1990s, there has been increasing interest in the systematic assessment of the strengths and weaknesses of financial systems, with the ultimate goal of formulating appropriate policies to foster financial stability, and stimulate financial sector development. Consequently, there has been an increased demand from financial sector authorities in many countries, as well as from the Bank and International Monetary Fund (IMF) staff for information on key issues, and sound practices in the assessment of financial systems, and in the design of policy responses. This Handbook of Financial Sector Assessment is a response to this demand. The Handbook presents an overall analytical framework for assessing financial system stability and developmental needs, providing broad guidance on approaches, methodologies, and techniques of assessing financial systems. Although the Handbook draws substantially on Bank and IMF experience with the financial sector assessment programs (FSAPs), and from the broader policy and operational work in both institutions, it is designed for generic use in financial sector assessments, whether conducted by country authorities themselves, or by Bank and IMF teams. It is, therefore, hoped the Handbook will serve as an authoritative source on the objectives, analytical framework, and methodologies of financial sector assessments, as well as a comprehensive reference book for training on the techniques of such assessments.en-USCC BY 3.0 IGOACCOUNTABILITYACCOUNTINGACCOUNTING PRACTICESACCOUNTING PRINCIPLESACCOUNTING STANDARDSADVERSE EFFECTSAGRICULTUREARBITRAGEAUDITINGAUTHORITYAUTONOMYBANK FOR INTERNATIONAL SETTLEMENTSBANK INSOLVENCYBANK LIQUIDATIONBANK RESTRUCTURINGBANKING LAWBANKING SECTORBANKING SUPERVISIONBANKING SYSTEMBANKING SYSTEMSBANKSBENCHMARKINGBENCHMARKSBOARDS OF DIRECTORSBRICAPITAL ADEQUACYCAPITAL MARKETSCENTRAL BANKINGCENTRAL BANKSCOMMERCIAL BANKSCOMPETITIVENESSCONSENSUSCONSOLIDATED SUPERVISIONCONSUMER PROTECTIONCONTAGIONCORPORATE GOVERNANCECPSSCREDIT RISKCREDIT UNIONSDEBTDEPOSIT INSURANCEDEPOSITSDESIGNDEVELOPMENT AGENCIESDEVELOPMENT POLICIESDISCLOSUREECONOMIC GROWTHEFFECTIVE BANKING SUPERVISIONEMERGING MARKETSEUROPEAN CENTRAL BANKFACTORINGFINANCIAL ACCOUNTINGFINANCIAL CRISESFINANCIAL INFORMATIONFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL INTERMEDIARIESFINANCIAL PERFORMANCEFINANCIAL POLICIESFINANCIAL REGULATIONFINANCIAL REPORTINGFINANCIAL RISKSFINANCIAL SAFETY NETSFINANCIAL SECTORFINANCIAL SECTOR SUPERVISIONFINANCIAL SECTORSFINANCIAL SERVICESFINANCIAL STABILITYFINANCIAL STRUCTUREFINANCIAL SYSTEMFINANCIAL SYSTEMSFISCAL MANAGEMENTFOREIGN EXCHANGEFOREIGN EXCHANGE MARKETSFOREIGN EXCHANGE OPERATIONSGDPGNPGOOD GOVERNANCEGOVERNMENT SECURITIESGOVERNMENTAL ORGANIZATIONGROSS DOMESTIC PRODUCTGROSS NATIONAL PRODUCTHOUSINGIAISINSOLVENCY PROCEDURESINSOLVENCY PROCEEDINGSINSOLVENCY SYSTEMSINSOLVENTINSTITUTIONAL ARRANGEMENTSINSTITUTIONAL DEVELOPMENTINSTITUTIONAL FRAMEWORKINSTITUTIONAL STRUCTUREINSURANCEINSURANCE SUPERVISIONINTEREST RATEINTEREST RATESINTERNATIONAL ACCOUNTING STANDARDSINTERNATIONAL ASSOCIATION OF INSURANCE SUPERVISORSINTERNATIONAL FINANCEINTERNATIONAL FINANCIAL STATISTICSINTERNATIONAL MONETARY FUNDINTERNATIONAL TRADEISLAMIC BANKINGLAWSLEGAL FRAMEWORKLEGAL PROTECTIONLENDER OF LAST RESORTLIQUIDITYLIVING STANDARDSMACROECONOMIC MODELSMARKET DISCIPLINEMARKET RISKMICROFINANCEMONETARY POLICYMONEY LAUNDERINGNATIONSOPEN MARKET OPERATIONSOVERHEAD COSTSPAYMENT SYSTEMSPRODUCTIVITYPROFITABILITYPRUDENTIAL REGULATIONSPRUDENTIAL REQUIREMENTSPUBLIC DEBTPUBLIC DEBT MANAGEMENTRATING AGENCIESREAL SECTORREGULATORY FRAMEWORKREGULATORY OVERSIGHTRETURN ON ASSETSRETURN ON EQUITYRISK MANAGEMENTRISK MEASUREMENTRISK TAKINGSAVINGSSAVINGS BANKSSECURITIESSECURITIES COMMISSIONSSECURITIES MARKETSSECURITIZATIONSETTLEMENT SYSTEMSSETTLEMENTS SYSTEMSSTRESS TESTINGSUBSIDIARYSUPERVISORY AGENCIESTAXATIONTECHNICAL ASSISTANCETRADING SYSTEMSTRANSPARENCYWorld Bank10.1596/978-0-8213-6432-1