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United Kingdom : Financial Sector Assessment Program-Insurance Sector-Technical Note »

Volume/Issue: 2016/158

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 June 2016

DOI: http://dx.doi.org/10.5089/9781484393789.002

ISBN: 9781484393789

Keywords: insurance, risk, insurers, solvency, life insurance

This paper provides an assessment of the insurance sector in the United Kingdom. The United Kingdom has one of the deepest, most developed insurance markets in the world. Insurance penetration is 50 percent higher...

Norway : Financial Sector Assessment Program-Technical Note-Insurance Sector Stress Tests »

Volume/Issue: 2015/255

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2015

DOI: http://dx.doi.org/10.5089/9781513576497.002

ISBN: 9781513576497

Keywords: life insurance, solvency, liability, monetary fund

This Technical Note presents key findings of insurance sector stress tests on Norway. Although the financial condition of insurance companies under Solvency I has generally been sound, insurers face major challenge...

Ireland : Financial Sector Assessment Program-Detailed Assessment of Observance on the Insurance Core Principles »

Volume/Issue: 2015/118

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 May 2015

DOI: http://dx.doi.org/10.5089/9781475586398.002

ISBN: 9781475586398

Keywords: insurance, insurers, reinsurance, central bank, governance

This paper discusses findings of the Detailed Assessment of Observance on the Insurance Core Principles on Ireland. It highlights that the Central Bank of Ireland (CBI) has made significant progress in updating the...

Ireland : Report on Observance of Standards and codes (ROSC) »

Volume/Issue: 2015/117

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 May 2015

DOI: http://dx.doi.org/10.5089/9781475554519.002

ISBN: 9781475554519

Keywords: insurers, risk, reinsurers, life insurers

This paper discusses findings and recommendations of the Report on Observance of Standards and codes for Ireland. The Central Bank of Ireland (CBI) is the integrated financial supervisor in Ireland. As the primary...

Denmark : Detailed Assessment of Observance of the Insurance Core Principles »

Volume/Issue: 2014/350

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2014

DOI: http://dx.doi.org/10.5089/9781498356466.002

ISBN: 9781498356466

Keywords: insurance, solvency, market, monetary fund, pension

This paper discusses findings of the Detailed Assessment of Observance of the Insurance Core Principles on Denmark. Insurance regulation in Denmark has a good level of compliance with the Insurance Core Principles....

Denmark : Report on Observance of Standards and Codes (ROSC) »

Volume/Issue: 2014/335

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 December 2014

DOI: http://dx.doi.org/10.5089/9781498376266.002

ISBN: 9781498376266

Keywords: banks, risk, banking, capital, bank

This paper discusses findings of the Report on Observance of Standards and codes for Denmark. Denmark has a high level of compliance with the Basel Core Principles for Effective Banking Supervision. The Danish Fina...

Switzerland : Detailed Assessment of Observance-Insurance Core Principles »

Volume/Issue: 2014/265

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 September 2014

DOI: http://dx.doi.org/10.5089/9781498332750.002

ISBN: 9781498332750

Keywords: reinsurance, risk management, life insurers, policyholders, life insurance

...

Switzerland : Technical Note-Stress Testing the Banking System »

Volume/Issue: 2014/267

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 September 2014

DOI: http://dx.doi.org/10.5089/9781498329576.002

ISBN: 9781498329576

Keywords: banking, credit risk, banking system, banking sector

...

Macroprudential Solvency Stress Testing of the Insurance Sector »

Volume/Issue: 2014/133

Series: IMF Working Papers

Author(s): Andreas A. Jobst , Nobuyasu Sugimoto , and Timo Broszeit

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 July 2014

DOI: http://dx.doi.org/10.5089/9781484346365.001

ISBN: 9781484346365

Keywords: macroprudential surveillance, financial stability analysis, underwriting, life insurance, life insurers, insurance activities, General,

Over the last decade, stress testing has become a central aspect of the Fund's bilateral and multilateral surveillance work. Recently, more emphasis has also been placed on the role of insurance for financial stabi...

People's Republic of China-Hong Kong Special Administrative Region : Financial Sector Assessment Program-Insurance Core Principles-Detailed Assessment of Observance »

Volume/Issue: 2014/206

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 July 2014

DOI: http://dx.doi.org/10.5089/9781498358125.002

ISBN: 9781498358125

Keywords: reinsurance, insurance industry, risk management, policyholders, general insurance

...

Development of the Renminbi Market in Hong Kong SAR : Assessing Onshore-Offshore Market Integration »

Volume/Issue: 2013/268

Series: IMF Working Papers

Author(s): R. Craig , Changchun Hua , Philip Ng , and Raymond Yuen

Publisher: Bank of Communications/New Finance

Publication Date: 17 June 2014

Language: Chinese

DOI: http://dx.doi.org/10.5089/9781498388290.001

ISBN: 9781498388290

Keywords: Foreign exchange transactions, Capital account liberalization, Capital account, Capital controls, Economic integration, Exchange rates, Capital flows, Foreign direct investment, China, People's Republic of, Hong Kong Special Administrative Region of China

Offshore use of the renminbi expanded rapidly in Hong Kong SAR as China sought to develop an international role for its currency while maintaining capital controls. This prompts two questions addressed in this pape...

Switzerland : Financial Sector Stability Assessment »

Volume/Issue: 2014/143

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 May 2014

DOI: http://dx.doi.org/10.5089/9781498340809.002

ISBN: 9781498340809

Keywords: banking, banking sector, private banking, bankers, banking system

This paper discusses key findings of the Financial System Stability Assessment on Switzerland. Stress tests indicate that the Swiss banks are robust against even severe shocks. Banks have increased their capital, a...

Switzerland : Report on Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Supervision, and Securities Regulation »

Volume/Issue: 2014/144

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 May 2014

DOI: http://dx.doi.org/10.5089/9781498334969.002

ISBN: 9781498334969

Keywords: Financial system stability assessment, Bank supervision, Banking sector, Securities regulations, Securities markets, Reports on the Observance of Standards and Codes, Insurance supervision, Switzerland, risk management, banking supervision

Report on Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Supervision, and Securities Regulation...

People's Republic of China--Hong Kong Special Administrative Region : Report on the Observance of Standards and Codes »

Volume/Issue: 2014/131

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 May 2014

DOI: http://dx.doi.org/10.5089/9781498388474.002

ISBN: 9781498388474

Keywords: risk management, banking supervision, supervisory approach, insurance intermediaries, foreign branches

This paper discusses key findings of the Report on the Observance of Standards and Codes for Hong Kong Special Administrative Region (HKSAR). HKSAR has a very high level of compliance with the Basel Core Principles...

Republic of Korea : Report on the Observance of Standards and Codes »

Volume/Issue: 2014/127

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 May 2014

DOI: http://dx.doi.org/10.5089/9781484399583.002

ISBN: 9781484399583

Keywords: risk management, iosco principles, banking supervision, risk profile, settlement systems

This paper discusses key findings of the Report on the Observance of Standards and Codes for the Republic of Korea. Responsibilities, objectives, and powers related to banking supervision are clearly defined in the...

With Great Power Comes Great Responsibility : Macroprudential Tools at Work in Canada »

Volume/Issue: 2014/83

Series: IMF Working Papers

Author(s): Ivo Krznar , and James Morsink

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 May 2014

DOI: http://dx.doi.org/10.5089/9781484383445.001

ISBN: 9781484383445

Keywords: housing market, mortgage insurance, macroprudential regulation, mortgage, mortgages, mortgage credit, mortgage loans, Government Policy and Regulation, General,

The goal of this paper is to assess the effectiveness of the policy measures taken by Canadian authorities to address the housing boom. We find that the the last three rounds of macroprudential policies implemented...

Albania : Financial System Stability Assessment »

Volume/Issue: 2014/79

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 March 2014

DOI: http://dx.doi.org/10.5089/9781484338797.002

ISBN: 9781484338797

Keywords: risk management, credit risk, underwriting, legal framework

This paper discusses the Financial System Stability Assessment report on Albania. The IMF report states that the Albanian economy is weak, macroeconomic imbalances are large, and the financial sector faces several...

Canada : Financial Sector Assessment Program-Impact on the Insurance Sector of a Low Interest Rate Environment-Technical Note »

Volume/Issue: 2014/68

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 March 2014

DOI: http://dx.doi.org/10.5089/9781484330272.002

ISBN: 9781484330272

Keywords: life insurance, insurance companies, policyholders, insurance products, accounting standards

This paper discusses Canada's Financial Sector Assessment Program (FSAP) impact on the insurance sector of a low interest rate environment. It highlights that actuarial standards on valuation of liabilities require...

Canada : Financial Sector Assessment Program-Insurance Core Principles-Detailed Assessment of Observance »

Volume/Issue: 2014/72

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 March 2014

DOI: http://dx.doi.org/10.5089/9781475523652.002

ISBN: 9781475523652

Keywords: policyholders, reinsurance, risk management, supervisory framework

This Detailed Assessment report, a part of the 2013 Financial Sector Assessment Program (FSAP) of Canada, assesses Canada's regulatory regime and supervisory practices against the international standards. The IMF r...

Canada : Financial Sector Assessment Program-Stress Testing-Technical Note »

Volume/Issue: 2014/69

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 March 2014

DOI: http://dx.doi.org/10.5089/9781475523096.002

ISBN: 9781475523096

Keywords: banking, income statement, interest expense, dividend payout

This paper examines the stress testing module of the 2013 Financial Sector Assessment Program (FSAP) update for Canada. The IMF report highlights the three major segments of the domestic financial covered during th...

Barbados : Financial System Stability Assessment »

Volume/Issue: 2014/53

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2014

DOI: http://dx.doi.org/10.5089/9781484300404.002

ISBN: 9781484300404

Keywords: Barbados, banking, capital adequacy, credit union, sovereign risk, deposit insurance

This report evaluates the stability of the financial system in Barbados. The findings reveal that Barbados has a relatively well developed financial system, including a large offshore sector. The onshore system is...

Canada : Financial Sector Stability Assessment »

Volume/Issue: 2014/29

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 2014

DOI: http://dx.doi.org/10.5089/9781616358006.002

ISBN: 9781616358006

Keywords: mortgage insurance, credit risk, market risk, life insurance, life insurers

This report discusses key findings of the Financial Sector Stability Assessment on Canada. Canada's financial system successfully navigated the global financial crisis, and stress tests suggest that major financial...

Canada : Report on the Observance of Standards and Codes »

Volume/Issue: 2014/30

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 2014

DOI: http://dx.doi.org/10.5089/9781616359492.002

ISBN: 9781616359492

Keywords: risk management, banking supervision, supervisory approach, supervisory framework, legal entity

This paper discusses key findings of the Report on the Observance of Standards and Codes for Canada. Canada has a very high level of compliance with the Basel Core Principles for Effective Banking Supervision. In r...

Sub-National Credit Risk and Sovereign Bailouts : Who Pays the Premium? »

Volume/Issue: 2014/20

Series: IMF Working Papers

Author(s): Eva Jenkner , and Zhongjin Lu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 January 2014

DOI: http://dx.doi.org/10.5089/9781484398876.001

ISBN: 9781484398876

Keywords: sub-national public finances, sovereign risk premium, bailout, bond, bond yields, bonds, financial sector, bond market, State and Local Borrowing,

Studies have shown that markets may underprice sub-national governments' risk on the implicit assumption that these entities would be bailed out by their central government in case of financial difficulties. Howeve...

Austria : Publication of Financial Sector Assessment Program Documentation-Technical Note on Insurance Sector »

Volume/Issue: 2014/14

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 January 2014

DOI: http://dx.doi.org/10.5089/9781484375730.002

ISBN: 9781484375730

Keywords: life insurance, insurance industry, insurance companies, risk management

This Technical Note provides an update on the Austrian insurance industry and an analysis of its regulatory and supervisory regime. The structure of the domestic insurance sector has remained largely stable since t...

Development of the Renminbi Market in Hong Kong SAR : Assessing Onshore-Offshore Market Integration »

Volume/Issue: 2013/268

Series: IMF Working Papers

Author(s): R. Craig , Changchun Hua , Philip Ng , and Raymond Yuen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 December 2013

DOI: http://dx.doi.org/10.5089/9781484332948.001

ISBN: 9781484332948

Keywords: offshore financial markets, arbitrage, capital inflows, International Monetary Arrangements and Institutions, Financial Aspects of Economic Integration, Macroeconomic Analyses of Economic Development,

Offshore use of the renminbi expanded rapidly in Hong Kong SAR as China sought to develop an international role for its currency while maintaining capital controls. This prompts two questions addressed in this pape...

Republic of Poland : Technical Note on Impaired Loans »

Volume/Issue: 2013/373

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 December 2013

DOI: http://dx.doi.org/10.5089/9781484324486.002

ISBN: 9781484324486

Keywords: mortgage, underwriting, mortgages, mortgage loans

This Technical Note analyzes impaired loans in Poland. Asset quality has moved up the Polish supervisor's agenda to address persistent impaired loans and cyclical deterioration in credit quality. Although the deter...

Italy : Detailed Assessment of IAIS Insurance core Principles »

Volume/Issue: 2013/352

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 December 2013

DOI: http://dx.doi.org/10.5089/9781475529579.002

ISBN: 9781475529579

Keywords: reinsurance, risk management, policyholders, life insurance, insurance products

This paper discusses the findings of Detailed Assessment of International Association of Insurance Supervisors (IAIS) insurance core principles on Italy. Regulation and supervision of the insurance industry in Ital...

Italy : Technical Note on Insurance Sector »

Volume/Issue: 2013/346

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 December 2013

DOI: http://dx.doi.org/10.5089/9781475565799.002

ISBN: 9781475565799

Keywords: reinsurance, life insurance, risk management, insurance products, life insurers

This Technical Note covers the insurance sector of Italy supervised by the Institution for the Supervision of Insurance in Italy. Notwithstanding the high level of compliance with the International Association of I...

Singapore : Detailed Assessment of Compliance on the Basel Core Principles for Effective Banking Supervision »

Volume/Issue: 2013/342

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 December 2013

DOI: http://dx.doi.org/10.5089/9781475530957.002

ISBN: 9781475530957

Keywords: banking supervision, financial supervision, foreign branches, risk management, prudential supervision

This paper discusses key findings of the Detailed Assessment of Compliance on the Basel Core Principles for Effective Banking Supervision on Singapore. The assessment of the Monetary Authority of Singapore (MAS) re...

Singapore : Detailed Assessment of Observance-Insurance Core Principles »

Volume/Issue: 2013/343

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 December 2013

DOI: http://dx.doi.org/10.5089/9781475563979.002

ISBN: 9781475563979

Keywords: reinsurance, life insurance, risk management, life insurers

This paper discusses findings of the Detailed Assessment of Observance on Insurance Core Principles on Singapore. The insurance industry in Singapore is growing, in particular the offshore nonlife sector. Gross pre...

Singapore : Report on the Observance of Standards and Codes »

Volume/Issue: 2013/326

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 November 2013

DOI: http://dx.doi.org/10.5089/9781475520309.002

ISBN: 9781475520309

Keywords: risk management, foreign branches, banking supervision, iosco principles, prudential supervision

This paper discusses findings of the Report on Observance of Standards and Codes on Singapore. The Monetary Authority of Singapore (MAS) shows a very high level of compliance with the Basel Core Principles and demo...

Sovereign Wealth Funds : Aspects of Governance Structures and Investment Management »

Volume/Issue: 2013/231

Series: IMF Working Papers

Author(s): Abdullah Al-Hassan , Michael Papaioannou , Martin Skancke , and Cheng Chih Sung

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 November 2013

DOI: http://dx.doi.org/10.5089/9781475518610.001

ISBN: 9781475518610

Keywords: Corporate governance, Asset management, Investment policy, International financial markets, Risk management, Sovereign wealth funds, Transparency, governance structure, investment management, macroeconomic coordination

This paper presents in a systematic (normative) manner the salient features of a SWF‘s governance structure, in relation to its objectives and investment management that can ensure its efficient operation and enhan...

Modeling Banking, Sovereign, and Macro Risk in a CCA Global VAR »

Volume/Issue: 2013/218

Series: IMF Working Papers

Author(s): Dale Gray

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 October 2013

DOI: http://dx.doi.org/10.5089/9781484322185.001

ISBN: 9781484322185

Keywords: Credit expansion, Credit risk, Cross country analysis, Banking sector, Economic models, Financial crises, Sovereign debt, contingent claims analysis (CCA), global vector autoregression (GVAR), banking

The purpose of this paper is to develop a model framework for the analysis of interactions between banking sector risk, sovereign risk, corporate sector risk, real economic activity, and credit growth for 15 Europe...

Italy : Report on the Observance of Standards and Codes »

Volume/Issue: 2013/301

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 September 2013

DOI: http://dx.doi.org/10.5089/9781484346754.002

ISBN: 9781484346754

Keywords: risk management, banking supervision, market participants, supervisory authority, internal controls

This Report on Observance of Standards and Codes (ROSC) for Italy summarizes the findings and recommendations of the fiscal assessment of Italy's economic policies. It highlights that while raising the bar for bank...

Toward A Fiscal Union for the Euro Area »

Volume/Issue: 2013/9

Series: Staff Discussion Notes

Author(s): Céline Allard , Petya Koeva Brooks , John Bluedorn , Fabian Bornhorst , Franziska Ohnsorge , and Katharine Christopherson Puh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 September 2013

DOI: http://dx.doi.org/10.5089/9781484307373.006

ISBN: 9781484307373

Keywords: Euro Area, Fiscal Union, Fiscal Integration, Fiscal Federalism, Fiscal Governance, Risk Sharing, fiscal risk, fiscal rules, fiscal discipline, fiscal policies

This is on a highly topical issue and addresses a key policy issue for Europe-namely, reinforcing EMU institutional architecture along with the Banking Union. Some proposals have emerged in Europe, and it will be i...

The Euro Area Crisis : Need for a Supranational Fiscal Risk Sharing Mechanism? »

Volume/Issue: 2013/198

Series: IMF Working Papers

Author(s): Davide Furceri , and Aleksandra Zdzienicka

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 September 2013

DOI: http://dx.doi.org/10.5089/9781484334201.001

ISBN: 9781484334201

Keywords: risk sharing, consumption smoothing, fiscal union, moral hazard, banking crises, moral hazard problems, private consumption, Financial Aspects of Economic Integration, Open Economy Macroeconomics,

The aim of this paper is to assess the effectiveness of risk sharing mechanisms in the euro area and whether a supranational fiscal risk sharing mechanism could insure countries against very severe downturns. Using...

Procyclical Behavior of Institutional Investors During the Recent Financial Crisis : Causes, Impacts, and Challenges »

Volume/Issue: 2013/193

Series: IMF Working Papers

Author(s): Michael Papaioannou , Joonkyu Park , Jukka Pihlman , and Han Hoorn

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 September 2013

DOI: http://dx.doi.org/10.5089/9781484336083.001

ISBN: 9781484336083

Keywords: Crisis management, Asset management, Financial crises, Financial instruments, Financial institutions, Financial crisis, International financial markets, Investment, Private sector, long-term investments

This paper (i) provides evidence on the procyclical investment behavior of major institutional investors during the global financial crisis; (ii) identifies the main factors that could account for such behavior; (i...

India : Financial Sector Assessment Program-Detailed Assessments Report on IAIS Insurance Core Principles »

Volume/Issue: 2013/265

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 August 2013

DOI: http://dx.doi.org/10.5089/9781484363188.002

ISBN: 9781484363188

Keywords: insurance companies, life insurance, life insurers, reinsurance, policyholders

This paper discusses key findings of the assessment of India's compliance with the International Association of Insurance Supervisors Insurance Core Principles (ICP). Indian Regulatory and Development Authority (IR...

France : Financial Sector Assessment Program-Detailed Assessment of Observance of Insurance Core Principles »

Volume/Issue: 2013/181

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2013

DOI: http://dx.doi.org/10.5089/9781484370575.002

ISBN: 9781484370575

Keywords: life insurance, insurance companies, policyholders, reinsurance

This paper discusses key findings of the Detailed Assessment of Observance of Insurance Core Principles for France. The assessment reveals that insurance regulation and supervision are still predominantly carried o...

Uruguay : Financial System Stability Assessment »

Volume/Issue: 2013/152

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 May 2013

DOI: http://dx.doi.org/10.5089/9781484399255.002

ISBN: 9781484399255

Keywords: banking, deposit insurance, capital adequacy, banking system, banking sector

The buffers built in the aftermath of Uruguay's 2002 banking crisis have shielded the financial sector from the effects of the global financial turmoil. Growth has been robust and the outlook continues to be favora...

Nigeria : Publication of Financial Sector Assessment Program Documentation--Detailed Assessment of Observance of Insurance Core Principles »

Volume/Issue: 2013/145

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 May 2013

DOI: http://dx.doi.org/10.5089/9781484340882.002

ISBN: 9781484340882

Keywords: reinsurance, life insurers, life insurance, risk management, policyholders

Nigeria undertook a Financial Sector Assessment Program (FSAP), which included a review of the structure of Nigeria's insurance market and the supervisory framework. The assessment was benchmarked against the Insur...

Belgium : Detailed Assessment of Observance of Insurance Core Principles »

Volume/Issue: 2013/134

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 May 2013

DOI: http://dx.doi.org/10.5089/9781484384466.002

ISBN: 9781484384466

Keywords: life insurers, reinsurance, policyholders, risk management, life insurance

The Belgian insurance industry was adversely affected by the global financial crisis and continued to confront challenges related to legacy assets and economic uncertainties in Europe. The Belgian authorities have...

Belgium : Financial System Stability Assessment »

Volume/Issue: 2013/124

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 May 2013

DOI: http://dx.doi.org/10.5089/9781484362877.002

ISBN: 9781484362877

Keywords: banking, banking sector, banking system, sovereign risk, banking supervision

This financial stability assessment provides an update on the significant regulatory and supervisory developments in the banking and insurance sectors of Belgium since 2006. The Belgian financial system is relative...

International Evidence on Government Support and Risk Taking in the Banking Sector »

Volume/Issue: 2013/94

Series: IMF Working Papers

Author(s): Luis Brandao Marques , Ricardo Correa , and Horacio Sapriza

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 May 2013

DOI: http://dx.doi.org/10.5089/9781484309346.001

ISBN: 9781484309346

Keywords: Bank risk, Market Discipline, Government Support, Bank Regulation, bank risk taking, banking, deposit insurance, foreign currency deposit, Government Policy and Regulation, Governmental Loans and Credits

Government support to banks through the provision of explicit or implicit guarantees affects the willingness of banks to take on risk by reducing market discipline or by increasing charter value. We use an internat...

Market-Based Structural Top-Down Stress Tests of the Banking System »

Volume/Issue: 2013/88

Series: IMF Working Papers

Author(s): Jorge Chan-Lau

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2013

DOI: http://dx.doi.org/10.5089/9781484306314.001

ISBN: 9781484306314

Keywords: Banks, Banking systems, Emerging markets, Economic models, Financial sector, Financial institutions, Stress testing, Stress tests, Systemic risk, default risk

Despite increased need for top-down stress tests of financial institutions, performing them is challenging owing to the absence of granular information on banks' trading and loan portfolios. To deal with these data...

European Union : Publication of Financial Sector Assessment Program Documentation --Technical Note on European Insurance and Occupational Pensions Authority Assessment »

Volume/Issue: 2013/73

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 2013

DOI: http://dx.doi.org/10.5089/9781475574852.002

ISBN: 9781475574852

Keywords: supervisory authorities, pension, pension funds, pensions, occupational pension

Slow economic growth and continuing low interest rate environment is putting pressure on the insurance sector. Delays in the implementation of Solvency II could create vulnerabilities in the insurance sector. The a...

Malaysia : Publication of Financial Sector Assessment Program Documentation-Detailed Assessment of Observance of Core Principles for Effective Deposit Insurance Systems »

Volume/Issue: 2013/60

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 March 2013

DOI: http://dx.doi.org/10.5089/9781475585353.002

ISBN: 9781475585353

Keywords: deposit insurance, insurance system, insurance coverage, insurance systems, moral hazard

This paper evaluates and addresses Malaysia's compliance with the Core Principles for Effective Deposit Insurance Systems (Core Principles), and reviews relevant laws, regulations and regulatory and supervisory pra...

Malaysia : Publication of Financial Sector Assessment Program Documentation-Detailed Assessment of Observance of Insurance Core Principles »

Volume/Issue: 2013/57

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 March 2013

DOI: http://dx.doi.org/10.5089/9781475513806.002

ISBN: 9781475513806

Keywords: risk management, reinsurance, insurance industry, insurance supervision, applications

This report is an analysis of the insurance core principles of Malaysia. This assessment gives a clear understanding of the regulatory and supervisory framework of the insurance sector of Malaysia. Bank Negara Mala...

Rating Through-the-Cycle : What does the Concept Imply for Rating Stability and Accuracy? »

Volume/Issue: 2013/64

Series: IMF Working Papers

Author(s): John Kiff , Michael Kisser , and Liliana Schumacher

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 March 2013

DOI: http://dx.doi.org/10.5089/9781475552119.001

ISBN: 9781475552119

Keywords: Credit rating migration, credit rating, credit risk, General, Government Policy and Regulation,

Credit rating agencies face a difficult trade-off between delivering both accurate and stable ratings. In particular, its users have consistently expressed a preference for rating stability, driven by the transacti...