Mauritius Financial Sector Assessment Program

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Mauritius

Author : Weltbank
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (931 download)

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Book Synopsis Mauritius by : Weltbank

Download or read book Mauritius written by Weltbank and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This Financial Sector Assessment (FSA) is the joint IMF-World Bank work, based on the context of the Financial Sector Assessment Program (FSAP), intended to identify strengths, and vulnerabilities, as well as development needs of the financial sector. The report thus summarizes main findings, and policy recommendations as follows. Mauritius has been remarkably successful in achieving rapid growth, and substantial diversification of a formerly mono-agricultural economy. However, maintaining the past high rates of growth, and employment will pose a major challenge. The trade preferences on which two of the pillars of the economy are founded are being eroded, forcing the sugar and textile industries, to significantly improve their competitiveness, or lose market share to larger, lower-cost producers. In partnership with the private sector, the government is taking decisive measures to build a knowledge economy based on higher value-added services, notably in information and communication technologies. They have also adopted programs to modernize, and improve competitiveness in the sugar and textile industries, and, are investing heavily in education, in order to realign the labor force with the requirements of the new engines of growth. Mauritius has a relatively large and well-developed domestic financial system, and a growing offshore sector, however, the country needs to further diversify its financial sector, namely within the banking system. This includes continuing the strengthening of banking supervision, fostering the development of alternatives to bank lending to reduce portfolio concentrations, and increase competition. Additionally, there is the need to encourage sound international risk diversification, by strengthening provisioning levels, so as to enhance the resilience of the system to a downturn in economic activity, and, by reducing the government's implicit contingent liability in the banking system.

Mauritius Financial Sector Assessment Program

Author : World Bank
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (112 download)

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Book Synopsis Mauritius Financial Sector Assessment Program by : World Bank

Download or read book Mauritius Financial Sector Assessment Program written by World Bank and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This assessment focused on the supervision and regulation of the insurance sector and the role of the Financial Services Commission (FSC) in Mauritius. The FSC has responsibility for licensing and supervision of all players in the insurance market-insurance companies, distributors; loss adjusters; reinsurance companies; reinsurance brokers, and actuaries and auditors. This report relates to a dedicated assessment mission conducted in July 2011. The FSC maintains a fairly detailed website that contains copies of relevant laws and regulations applicable to insurance companies in Mauritius. Also available on the website are copies of guidelines of general application that have been issued to the insurance companies, statistics of the industry's performance, and copies of the annual reports issued by FSC. In addition to its discussions with FSC personnel, mission members met with representatives of the trade association and with executives of a representative sample of companies, both life and general insurance, operating in the market. Other contacts included brokers and auditors. The insurance sector in Mauritius is material although not fully developed in terms of size. Insurance premium stands at MUR 17.5 billion represented at 68 percent life and 32 percent non-life insurances. Life insurance growth has been more impressive than non-life insurance performance. Although both segments have shown healthy nominal growth rates, real growth has been less spectacular for the non-life sector. Interpreting non-life sector premium performance can be confused by global pricing cycles.

Financial Sector Assessment

Author : World Bank
Publisher : World Bank Publications
ISBN 13 : 9780821364321
Total Pages : 494 pages
Book Rating : 4.3/5 (643 download)

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Book Synopsis Financial Sector Assessment by : World Bank

Download or read book Financial Sector Assessment written by World Bank and published by World Bank Publications. This book was released on 2005-09-29 with total page 494 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 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.

Mauritius Financial Sector Assessment Program

Author : Weltbank
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (125 download)

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Book Synopsis Mauritius Financial Sector Assessment Program by : Weltbank

Download or read book Mauritius Financial Sector Assessment Program written by Weltbank and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This assessment focused on the supervision and regulation of the insurance sector and the role of the Financial Services Commission (FSC) in Mauritius. The FSC has responsibility for licensing and supervision of all players in the insurance market-insurance companies, distributors; loss adjusters; reinsurance companies; reinsurance brokers, and actuaries and auditors. This report relates to a dedicated assessment mission conducted in July 2011. The FSC maintains a fairly detailed website that contains copies of relevant laws and regulations applicable to insurance companies in Mauritius. Also available on the website are copies of guidelines of general application that have been issued to the insurance companies, statistics of the industry's performance, and copies of the annual reports issued by FSC. In addition to its discussions with FSC personnel, mission members met with representatives of the trade association and with executives of a representative sample of companies, both life and general insurance, operating in the market. Other contacts included brokers and auditors. The insurance sector in Mauritius is material although not fully developed in terms of size. Insurance premium stands at MUR 17.5 billion represented at 68 percent life and 32 percent non-life insurances. Life insurance growth has been more impressive than non-life insurance performance. Although both segments have shown healthy nominal growth rates, real growth has been less spectacular for the non-life sector. Interpreting non-life sector premium performance can be confused by global pricing cycles.

Mauritius

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451827792
Total Pages : 67 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Mauritius by : International Monetary Fund

Download or read book Mauritius written by International Monetary Fund and published by International Monetary Fund. This book was released on 2003-10-14 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Offshore Financial Centers - Report on the Assessment Program and Proposal for Integration with the Financial Sector Assessment Program - Supplementary Information

Download Offshore Financial Centers - Report on the Assessment Program and Proposal for Integration with the Financial Sector Assessment Program - Supplementary Information PDF Online Free

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
ISBN 13 : 1498334547
Total Pages : 24 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Offshore Financial Centers - Report on the Assessment Program and Proposal for Integration with the Financial Sector Assessment Program - Supplementary Information by : International Monetary Fund. Monetary and Capital Markets Department

Download or read book Offshore Financial Centers - Report on the Assessment Program and Proposal for Integration with the Financial Sector Assessment Program - Supplementary Information written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2008-08-05 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This supplement reviews the data received thus far and the progress made by participating jurisdictions in their dissemination efforts. Data for major jurisdictions that declined to participate are also provided where it is available from published sources. In addition, data on a sample of advanced economies are provided for comparative purposes. The framework identified a minimum set of variables for dissemination and recommended that jurisdictions publish data on those variables although jurisdictions could choose to publish more. Tables 2 and 5 to 13 provide the data received on those variables. The framework also identified additional variables that were to be provided to the Fund to help Fund staff monitor developments in financial centers.

Financial Sector Assessment Program

Author : Lily L. Chu
Publisher : World Bank Publications
ISBN 13 : 082136653X
Total Pages : 94 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Financial Sector Assessment Program by : Lily L. Chu

Download or read book Financial Sector Assessment Program written by Lily L. Chu and published by World Bank Publications. This book was released on 2006-01-01 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Financial Sector Assessment Program (FSAP) is a major initiative, undertaken jointly by the World Bank and the IMF, in response to the financial crises of the late 1990s. The ultimate objectives of the program are (i) the identification and resolution of financial sector vulnerabilities and their macroeconomic stability implications; and (ii) fostering financial sector development and its contribution to economic growth. In addition, the FSAP was expected to help the Bank, Fund, and other institutions design appropriate assistance to address issues identified by the FSAP. The evaluation found that the FSAP is a good quality diagnostic tool. Joint Bank-Fund cooperation has allowed an integrated approach towards financial sector vulnerabilities and development needs, and has expanded the depth and quality of the skills base. The assessments, however, fall short in prioritizing recommendations and integrating the findings and recommendations of the assessments into its overall programs."

Financial sector assessment program

Author :
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (139 download)

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Book Synopsis Financial sector assessment program by :

Download or read book Financial sector assessment program written by and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Sector Assessment Program - Review, Lessons, and Issues Going Forward

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1498331815
Total Pages : 41 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Financial Sector Assessment Program - Review, Lessons, and Issues Going Forward by : International Monetary Fund

Download or read book Financial Sector Assessment Program - Review, Lessons, and Issues Going Forward written by International Monetary Fund and published by International Monetary Fund. This book was released on 2005-02-22 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reports on developments in the Financial Sector Assessment Program (FSAP) since the last Board review of the FSAP in spring 2003 and discusses staff views of the programs evolution.

South Africa: Financial Sector Assessment Program-Technical Note on Systemic Liquidity Management

Author : International Monetary
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis South Africa: Financial Sector Assessment Program-Technical Note on Systemic Liquidity Management by : International Monetary

Download or read book South Africa: Financial Sector Assessment Program-Technical Note on Systemic Liquidity Management written by International Monetary and published by International Monetary Fund. This book was released on 2022-06-17 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: The South African financial markets are the most developed and liquid in Africa and well developed by global standards, as well, reflecting credible and independent policy making, a diverse economy and strong financial institutions. Foreign exchange market turnover is consistently among the top 20 in the world according to the Bank for International Settlement (BIS) triennial survey. The government bond and interest rate swap yield curves go out to 20 years. The size of the domestic bond market is around 85 percent of GDP, and stock market capitalization is about 300 percent of the GDP. Supporting financial market infrastructure is broadly adequate for the size and turnover of the markets. The central bank (SARB) operates independently and at a high capacity, providing a sound footing for market functioning.

International Monetary Fund Annual Report 2019 Financial Statements

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1513511726
Total Pages : 122 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis International Monetary Fund Annual Report 2019 Financial Statements by : International Monetary Fund

Download or read book International Monetary Fund Annual Report 2019 Financial Statements written by International Monetary Fund and published by International Monetary Fund. This book was released on 2019-10-04 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: The audited consolidated financial statements of the International Monetary Fund as of April 30, 2019 and 2018

South Africa: Financial Sector Assessment Program-Technical Note on Cybersecurity Risk Supervision and Oversight

Author : International Monetary
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis South Africa: Financial Sector Assessment Program-Technical Note on Cybersecurity Risk Supervision and Oversight by : International Monetary

Download or read book South Africa: Financial Sector Assessment Program-Technical Note on Cybersecurity Risk Supervision and Oversight written by International Monetary and published by International Monetary Fund. This book was released on 2022-06-17 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cybersecurity risk continues to grow both in complexity and severity and is a function of an increasingly open and interconnected cyber and financial ecosystem. The South African financial system has a long history of incorporating technology and as for many financial systems across the globe, digitalization has become a strategic priority. For risk management to keep pace with the dynamic nature of cyber threats and threat agents, systemically important financial institutions (SIFIs) have made substantial investments in cyber resilience programs (e.g., establishing cyber strategies, frameworks, and governance structures). Consistent with many jurisdictions, and partly a result of widespread remote working arrangements implemented in response to the global pandemic, cybersecurity threats to financial stability increased. However, high standards of risk management meant threats did not materialize into significant losses and/or disruptions.

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

Author : El Bachir Boukherouaa
Publisher : International Monetary Fund
ISBN 13 : 1589063953
Total Pages : 35 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance by : El Bachir Boukherouaa

Download or read book Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance written by El Bachir Boukherouaa and published by International Monetary Fund. This book was released on 2021-10-22 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

South Africa: Financial Sector Assessment Program-Technical Note on Banking Regulation and Supervision

Author : International Monetary
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 49 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis South Africa: Financial Sector Assessment Program-Technical Note on Banking Regulation and Supervision by : International Monetary

Download or read book South Africa: Financial Sector Assessment Program-Technical Note on Banking Regulation and Supervision written by International Monetary and published by International Monetary Fund. This book was released on 2022-06-17 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: The implementation of a twin peaks model represents a significant change to the South African financial supervisory architecture. The Prudential Authority (PA), operating within the administration of the South African Reserve Bank (SARB), is responsible for promoting and enhancing the safety and soundness of financial institutions that provide financial products and securities services. A separate authority, the Financial Sector Conduct Authority2 (FSCA), is responsible for market conduct regulation and supervision. The introduction of the twin peaks architecture was motivated by a need to increase the robustness of the financial sector regulatory and supervisory system, reinforce financial stability, improve protection of customers, and enhance cooperation among the regulators.

IEO Report on the Evaluation of the Financial Sector Assessment Program

Author : International Monetary Fund. Independent Evaluation Office
Publisher : International Monetary Fund
ISBN 13 : 9781589065086
Total Pages : 122 pages
Book Rating : 4.0/5 (65 download)

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Book Synopsis IEO Report on the Evaluation of the Financial Sector Assessment Program by : International Monetary Fund. Independent Evaluation Office

Download or read book IEO Report on the Evaluation of the Financial Sector Assessment Program written by International Monetary Fund. Independent Evaluation Office and published by International Monetary Fund. This book was released on 2006-05-02 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Financial Sector Assessment Program (FSAP) is a joint IMF–World Bank initiative to provide countries with comprehensive evaluations of their financial systems.The IEO evaluation assessed the effectiveness of the FSAP from the perspective of the IMF. The main findings address the following areas: the nature of priority setting under the FSAP; the efficiency of FSAP processes and quality of the main diagnostic tools; the overall quality of FSAP content; how well the IMF has used FSAP results in its surveillance, technical assistance, and program activities; and evidence on the overall impact of the FSAP on the domestic policy dialogue, changes in policies and institutions, and market participants.

Mauritius

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451827741
Total Pages : 59 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Mauritius by : International Monetary Fund

Download or read book Mauritius written by International Monetary Fund and published by International Monetary Fund. This book was released on 2003-10-14 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Mauritian economy showed strong performance owing to its sound macroeconomic policies. Executive Directors emphasized the need to remain competitive and address the growing unemployment problem. They commended the efforts to support the developments in financial services, free port activities, and information and communications technology. They appreciated the tightening of the monetary policy and stressed the need to strengthen the financial position and ensure fiscal sustainability. They welcomed the assessment of the effectiveness and efficiency of the IMF, which provided technical assistance to Mauritius.

Mauritius

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
ISBN 13 : 1484367839
Total Pages : 85 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Mauritius by : International Monetary Fund. African Dept.

Download or read book Mauritius written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2014-05-05 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2014 Article IV Consultation highlights that with subdued international prices, inflationary pressures in Mauritius declined in 2013, despite the public sector wage increases. The unemployment rate was unchanged compared with 2012 at 8 percent. Credit to private sector growth remained robust. On the external front, the current account deficit widened to almost 10 percent of GDP in 2013. The reserve cover of imports of goods and services stayed constant at 41⁄2 months with the Bank of Mauritius accumulating additional net international reserves. The structural primary deficit was broadly unchanged relative to 2011.