Strengthening Financial Stability, Resilience and Safety Nets in the Pacific Islands
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 on policy issues relating to strengthening the resilience of financial systems in the region. As part of this work program, the World Bank produced a series of seven deep dive papers on a range of issues relating to financial stability in the PICs. Each paper was presented during an online workshop with the prudential authorities of the PICs and followed by a Questions and Answers session. The papers in the series are: COVID-19 and financial stability: guidance on financial system surveillance in the pandemic, COVID-19 and stress testing, micro prudential and macro prudential policy: seeking the right balance, early intervention in banking supervision, recovery planning for banks, bank resolution, and financial safety nets This volume pulls together these deep dive papers while being mindful that each paper stands on its own. Yet, an integrated approach is needed in all these policy areas, and it is vital to tailor reforms to country specific circumstances This recognizes that, even in a stable financial system there will inevitably be periods of financial stress and that there is a need to ensure that frameworks are in place to address these events cost-effectively and in ways that preserve market discipline, avoid moral hazard and minimize fiscal risks. Private
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| Format: | Report biblioteca |
| Language: | English en_US |
| Published: |
Washington, DC
2023-02-21T16:55:49Z
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| Subjects: | FINANCIAL STABILITY, COVID-19, MICROPRUDENTIAL, MACROPRUDENTIAL, BANKING SUPERVISION, |
| Online Access: | http://documents.worldbank.org/curated/en/099011502062388343/P17493305132130540bf5e024338cf26d6b https://worldbank7-prod.atmire.com/handle/10986/39456 |
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