04679oam 22010334 450 991078822320332120230721045705.01-4623-4163-21-4527-6014-41-4518-7394-897866128444541-282-84445-8(CKB)3170000000055386(SSID)ssj0000940811(PQKBManifestationID)11586354(PQKBTitleCode)TC0000940811(PQKBWorkID)10955482(PQKB)11018326(OCoLC)680613595(MiAaPQ)EBC1605970(IMF)WPIEE2009247(EXLCZ)99317000000005538620020129d2009 uf 0engurcn|||||||||txtccrFinancial Sector Surveillance and the IMF /Carlo Gola, Francesco SpadaforaWashington, D.C. :International Monetary Fund,2009.74 pIMF Working Papers"November 2009."1-4519-1809-7 The global financial crisis has magnified the role of Financial Sector Surveillance (FSS) in the Fund's activities. This paper surveys the various steps and initiatives through which the Fund has increasingly deepened its involvement in FSS. Overall, this process can be characterized by a preliminary stage and two main phases. The preliminary stage dates back to the 1980s and early 1990s, and was mainly related to the Fund's research and technical assistance activities within the process of monetary and financial deregulation embraced by several member countries. The first "official" phase of the Fund's involvement in FSS started in the aftermath of the Mexican crisis, and relates to the international call to include financial sector issues among the core areas of Fund surveillance. The second phase focuses on the objectives of bringing the coverage of financial sector issues "up to par" with the coverage of other traditional core areas of surveillance, and of integrating financial analysis into the Fund's analytical macroeconomic framework. By urging the Fund to give greater attention to its member countries' financial systems, the international community's response to the global crisis may mark the beginning of a new phase of FSS.IMF Working Papers; Working Paper ;No. 2009/247Economic policyEvaluationBanks and BankingimfFinance: GeneralimfFinancial Risk ManagementimfIndustries: Financial ServicesimfFinancial Institutions and Services: GeneralimfGeneral Financial Markets: Government Policy and RegulationimfFinancial CrisesimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfFinanceimfEconomic & financial crises & disastersimfBankingimfFinancial sectorimfFinancial Sector Assessment ProgramimfFinancial sector stabilityimfFinancial crisesimfCommercial banksimfFinancial services industryimfBanks and bankingimfMexicoimfEconomic policyEvaluation.Banks and BankingFinance: GeneralFinancial Risk ManagementIndustries: Financial ServicesFinancial Institutions and Services: GeneralGeneral Financial Markets: Government Policy and RegulationFinancial CrisesBanksDepository InstitutionsMicro Finance InstitutionsMortgagesFinanceEconomic & financial crises & disastersBankingFinancial sectorFinancial Sector Assessment ProgramFinancial sector stabilityFinancial crisesCommercial banksFinancial services industryBanks and bankingGola Carlo314777Spadafora Francesco78641International Monetary Fund.Office of the Executive Director for Albania, Greece, Italy, Malta, Portugal, San Marino, and Timor-Leste.DcWaIMFBOOK9910788223203321Financial Sector Surveillance and the IMF3741536UNINA