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Republic of Serbia: Financial Sector Assessment Program Update: Financial System Stability Assessment
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2010: Issue 147
Language:
English
Publication Date:
27 May 2010
DOI:
https://doi.org/10.5089/9781455205639.002
ISBN:
9781455205639
ISSN:
1934-7685
Pages:
50
Keywords:
ISCR; CR; financial system; credit risk; financial condition; interest rate; foreign exchange; resolution method; banking sector; country risk; operating income; financial crisis; Loans; Commercial banks; Basel Core Principles; Operational risk; Market risk; Global
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This paper discusses key findings of the Financial Sector Assessment Program (FSAP) Update for Serbia. The assessment reveals that the financial system of Serbia has successfully weathered the global financial crisis, but faces the challenge of a possible further deterioration of the economic environment, with attendant effects on asset quality. The banking sector is highly capitalized and liquid, and displays considerable resilience in stress tests. Several important supervisory challenges remain despite an improvement in the supervisory framework since the 2005 FSAP.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund