LEADER 07466oam 22013814 450 001 9910810228003321 005 20240405122342.0 010 $a1-4983-8039-5 010 $a1-4983-2725-7 035 $a(CKB)2670000000577894 035 $a(EBL)1868521 035 $a(SSID)ssj0001432641 035 $a(PQKBManifestationID)11852846 035 $a(PQKBTitleCode)TC0001432641 035 $a(PQKBWorkID)11406670 035 $a(PQKB)10969852 035 $a(MiAaPQ)EBC1868521 035 $a(Au-PeEL)EBL1868521 035 $a(CaPaEBR)ebr10990909 035 $a(CaONFJC)MIL664616 035 $a(OCoLC)897070417 035 $a(NjHacI)992670000000577894 035 $a(IMF)1CODEA2014002 035 $a(EXLCZ)992670000000577894 100 $a20020129d2014 uf 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aDemocratic Republic of the Congo : $eFinancial System Stability Assessment 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2014. 215 $a1 online resource (63 p.) 225 1 $aIMF Staff Country Reports 300 $aDescription based upon print version of record. 311 $a1-4843-9477-1 311 $a1-322-33334-3 327 $aCover; CONTENTS; GLOSSARY; EXECUTIVE SUMMARY; INTRODUCTION; TABLES; 1. Selected Economic and Financial Indicators, 2011-2019; FINANCIAL SECTOR STRUCTURE AND PERFORMANCE; A. The Banking Sector and Financial Stability; 2. Structure of the Banking System; FIGURES; 1. Banking Systems Balance Sheet; 2. Comparative Indicators of Banking System Soundness; 3. Financial Soundness Indicators, 2010-2013; B. The Nonbanking Sector and Financial Stability; 4. End-2012 Banks' Income Statements; 5. Number of Microfinance Institutions Not Meeting the Regulatory Norms 327 $aRISKS AND RESILIENCE OF THE BANKING SECTOR A. Financial Sector Vulnerabilities; 3. Comparison of Micro-financial Buffers, 2009 vs. 2013; 6. Risk Assessment Matrix; B. Banking Sector Resilience; C. Credit Risk; 4. Estimated Banks' Capital Needs if the Exchange Rate Depreciates Sharply; 7. Solvency and Liqudity Stress Tests; D. Liquidity Risk; 5. Large Concentration Exposures; E. Interbank Contagion Risk; FINANCIAL SECTOR SUPERVISION AND REGULATORY FRAMEWORK; 6. Supervisory Structure; CRISIS MANAGEMENT AND SAFETY NETS; A. Crisis Preparedness; B. Responding to a Crisis; C. Deposit Insurance System 327 $aDEVELOPMENT AND MARKET STRUCTURE ANTI-MONEY LAUNDERING; 8. Key Recommendations (Extended); APPENDICES; I. The Central Bank: Autonomy and Monetary Policy Tools; II. De-dollarization: Preconditions, Operational Aspects, and Risks; III. The Resolution of the Banque Congolaise; IV. Observance of the Basel Core Principles; V. Stress Test Matrix 330 3 $aThis Financial System Stability Assessment on the Democratic Republic of the Congo highlights that the Congolese financial sector has recovered from the crisis of 2009 but is at a crossroads. Although reforms have been initiated, the system remains shallow, highly dollarized, and characterized by balance sheet fragilities. The authorities have announced a de-dollarization process; however, greater progress on reforms to strengthen the financial system is needed to support financial deepening and economic growth. The team?s analysis suggests that the financial system remains vulnerable. Resilience to shocks is undermined by the lack of risk-based supervision, lax regulation and weak enforcement of existing regulations, low profitability, and an excessive reliance on sight deposits. Steps are also needed to improve the capacity for micro- and macroprudential supervision. The implementation of risk-based supervision for individual banks is a critical prerequisite for effective crisis prevention. Assessments of bank-specific and systemic soundness are severely handicapped by weak supervisory data and other information gaps. There are significant weaknesses in accounting and auditing practices and, even if indicators suggest high capitalization levels, a more detailed analysis suggests banks are under-provisioned, partly owing to lax definitions of nonperforming loans and provisioning rules. 410 0$aIMF Staff Country Reports; Country Report ;$vNo. 2014/315 606 $aFinancial institutions$zCongo (Democratic Republic) 606 $aBanks and Banking$2imf 606 $aMoney and Monetary Policy$2imf 606 $aIndustries: Financial Services$2imf 606 $aFinance: General$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aMonetary Policy, Central Banking, and the Supply of Money and Credit: General$2imf 606 $aFinancial Institutions and Services: Government Policy and Regulation$2imf 606 $aMonetary Systems$2imf 606 $aStandards$2imf 606 $aRegimes$2imf 606 $aGovernment and the Monetary System$2imf 606 $aPayment Systems$2imf 606 $aGeneral Financial Markets: Government Policy and Regulation$2imf 606 $aBanking$2imf 606 $aFinance$2imf 606 $aMonetary economics$2imf 606 $aFinancial services law & regulation$2imf 606 $aLoans$2imf 606 $aCommercial banks$2imf 606 $aCredit$2imf 606 $aCapital adequacy requirements$2imf 606 $aFinancial institutions$2imf 606 $aMoney$2imf 606 $aCurrencies$2imf 606 $aFinancial sector stability$2imf 606 $aFinancial sector policy and analysis$2imf 606 $aBanks and banking$2imf 606 $aAsset requirements$2imf 606 $aFinancial services industry$2imf 607 $aCongo (Democratic Republic)$xEconomic conditions 607 $aCongo (Democratic Republic)$xEconomic policy 607 $aCongo, Democratic Republic of the$2imf 615 0$aFinancial institutions 615 7$aBanks and Banking 615 7$aMoney and Monetary Policy 615 7$aIndustries: Financial Services 615 7$aFinance: General 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aMonetary Policy, Central Banking, and the Supply of Money and Credit: General 615 7$aFinancial Institutions and Services: Government Policy and Regulation 615 7$aMonetary Systems 615 7$aStandards 615 7$aRegimes 615 7$aGovernment and the Monetary System 615 7$aPayment Systems 615 7$aGeneral Financial Markets: Government Policy and Regulation 615 7$aBanking 615 7$aFinance 615 7$aMonetary economics 615 7$aFinancial services law & regulation 615 7$aLoans 615 7$aCommercial banks 615 7$aCredit 615 7$aCapital adequacy requirements 615 7$aFinancial institutions 615 7$aMoney 615 7$aCurrencies 615 7$aFinancial sector stability 615 7$aFinancial sector policy and analysis 615 7$aBanks and banking 615 7$aAsset requirements 615 7$aFinancial services industry 676 $a309.1675 801 0$bDcWaIMF 906 $aBOOK 912 $a9910810228003321 996 $aDemocratic Republic of the Congo$93919365 997 $aUNINA