Summary
The technical assistance aimed to build capacity to monitor and assess systemic risk for non-bank financial institutions in the Grenada Authority for the Regulation of Financial Institutions (GARFIN). The mission underlined the need to clarify the macroprudential mandate and cooperation with the ECCB to conduct the macroprudential work accordingly. A potential extension of the existing Annual Report and Accounts covering key financial stability indicators and their assessment could be considered. It further highlighted the need to revise the existing reporting templates to reflect systemic risk better. Finally, the important role of the data management system was underlined.
Subject:
Credit bureaus,
Financial markets,
Financial regulation and supervision,
Financial sector policy and analysis,
Financial sector risk,
Financial sector stability,
Financial stability assessment,
Stress testing,
Systemic risk,
Systemic risk assessment
Keywords:
Commercial banks,
Credit bureaus,
Financial sector risk,
Financial sector stability,
Financial stability assessment,
Insurance companies,
Stress testing,
Systemic risk,
Systemic risk assessment
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Author :
Publish date : 2024-11-06 11:00:00
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