Effective and efficient management and sale of distressed assets helps minimize risks to financial stability and support economic growth. This paper summarizes the asset management and divestment experience...
A sound banking crisis management framework is paramount to the financial stability of FinSAC’s client countries, especially during systemic crisis scenarios. This paper discusses the key features of FinSAC’s...
Systemic banking crises have been commonplace in FinSAC client countries and, more broadly, in the ECA region during the last 30 years. A first wave of crises was triggered by the transition to a market...
The Financial Sector Advisory Center (FinSAC) was established in 2011 as a follow up to the Vienna Initiative to assist countries in the Europe and Central Asia (ECA) region in dealing with legacy issues...
Effective and efficient distressed asset management and sale plays an important role in minimizing risks to financial stability and supporting economic growth. This paper summarizes the experience of deposit...
This policy note makes the case for FinSAC client countries to introduce a single bank resolution framework applicable to any size of failing bank. It draws on FinSAC´s experience in providing technical...
This Cybersecurity Digest is intended to be a live, periodically updated compilation of recent laws, regulations, guidelines, and other significant documents such as communication of initiatives or research...
The World Bank Financial Sector Advisory Center (FinSAC) offers specialized technical assistance to client countries in the Europe and Central Asia (ECA) region, supporting their efforts to build more...
Court proceedings play a key role in contributing to the [in]effectiveness of bank liquidation and resolution procedures. European Union (EU) countries that took resolution action in recent years have...
The World Bank Financial Sector Advisory Center (FinSAC), established in 2011, is a dedicated technical unit delivering financial sector reform advice and implementation assistance to client countries...
The main public policy objectives of a deposit insurer are to reimburse depositors after bankfailure and to contribute to the stability of a financial system. To achieve these objectivesand to build public...
In the aftermath of the 2007/08 financial crisis, and lacking sufficient coordinated guidelines or legislation, measures to address failing financial institutions in European Union (EU) Member States were...
The 2007 financial crisis has exposed major weaknesses in global financial systems, including the threat to financial stability posed by banks that were too big, interconnected and complex to be closed...
The World Bank Financial Sector Advisory Center (FinSAC),now in its fifth year of operation, is a dedicated technical unit delivering financial sector reform advice and implementation assistance to client...
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...
The Financial Sector Advisory Centre (FinSAC) helps national financial sector authorities prepare to effectively manage financial crises, reducing risk of problems in individual financial institutions...
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...
Financial sector development and stability is critical to the growth and shared prosperity of the Europe and Central Asia (ECA) region. The World Bank's regional strategy, reconfirmed with the Board in...