Dealing with Weak Banks in FinSAC Countries
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 economy of former communist and socialist countries at the beginning of the 1990s. More crises arose around the Russian bond moratorium crisis in 1998. Many countries saw further distress and failures during the Global Financial Crisis (GFC). This paper outlines the key elements of effective frameworks to handle weak banks and takes stock of FinSAC client countries’ progress towards establishing these. It focuses particularly on preparedness for systemic scenarios. It provides an overview of the key features of FinSAC countries’ financial systems, identifies recent relevant reforms, and outlines important areas for further attention, including recommendations to guide areas for focus.
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| Format: | Report biblioteca |
| Language: | English en_US |
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Washington, DC: World Bank
2024-07-23
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| Subjects: | FINANCIAL INCLUSION AND SAVINGS, FINANCIAL CRISIS PREPAREDNESS, FINANCIAL DISCLOSURE, FINANCE AND GROWTH, BANK ASSET QUALITY, DECENT WORK AND ECONOMIC GROWTH, SDG 8, |
| Online Access: | http://documents.worldbank.org/curated/en/099062524122038370/P1437451529f3407e1a1bc1bd008f335d16 https://hdl.handle.net/10986/41930 |
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