Over the past two years, the World Bank has been working with Pacific Island Countries (PICs) to assess the impact of the COVID 19 pandemic on their financial systems and provide guidance to the PIC prudential...
Authorities in East Asia Pacific (EAP) jurisdictions have adopted a battery of fiscal, monetary, and financial measures aimed at mitigating the unprecedented impacts of the Coronavirus disease 2019 (COVID-19)...
Bold policies needed to boost economic recovery and improve social stability. Like Hydra, the many-headed monster of Greek myth, COVID-19 (coronavirus) is proving hard to suppress even a year after the...
This report provides an assessment of economic and financial stability issues for some of the Pacific Islands (PICs). The report includes a summary of the PICs’ policy responses to the pandemic economic...
In 2009, the G-20 in London recommended that accounting standard setters, strengthen accounting recognition of loan-loss provisions by incorporating a broader range of credit information (G20 2009). In...
Mines represent Mongolia’s present, while minds - broadly defined to include people and institutions - are its future. Current policies are excessively focused on preserving the mining-driven prosperity...
Mines represent Mongolia’s present, while minds - broadly defined to include people and institutions - are its future. Current policies are excessively focused on preserving the mining-driven prosperity...
Mines represent Mongolia’s present, while minds - broadly defined to include people and institutions - are its future. Current policies are excessively focused on preserving the mining-driven prosperity...
The report presents: lessons learned from the GFC; key components of financial stability regulators; guiding principles; and conclusion.
Significant progress has been made in addressing the fault lines that led to the global financial crisis. The European Union (EU) is gradually implementing a new financial architecture - aiming to achieve...
This report concerns the Financial Sector Advisory Centre's (FinSAC) attempt to shed light on the regulations and practices in the areas of identifying and provisioning for loans losses in 26 countries...
Since the 1990s, financial systems around the world, and especially those in developing countries, have gained in soundness, depth, and diversity, prompted in part by a series of financial sector and macroeconomic...
The global financial crisis has uncovered a number of weaknesses in the supervision and regulation of cross border banks. One such weakness was the lack of effective cooperation among banking supervisors...
Excessive leverage by banks is widely believed to have contributed to the global financial crisis. To address this, the international community has proposed the adoption of a non-risk-based capital measure...