Format:
1 Online-Ressource (circa 59 Seiten)
,
Illustrationen
ISBN:
9781513501611
Series Statement:
IMF country report no. 16/70
Content:
Moldova has made some important advances since the 2008 FSAP Update. On the positive side, inflation has been brought down to single digits, the payment system has been upgraded, and important enhancements have been made to financial sector regulation and supervision. However, risks to banking sector stability have become severe. Large credit concentration and concealed connected lending, questionable cross-border exposures, and important data gaps mean that regulatory data likely significantly understate the system's vulnerability. Non-transparent ownership, weak governance, connected lending and weaknesses in regulatory powers and enforcement further exacerbate these risks and could limit the scope for an effective policy response to shocks. Governance structures, internal oversight processes, and risk management practices are poorly developed. In some cases, cross-border exposures are substantial and the pattern of some (particularly cross-border) financial transactions suggest a serious risk of money laundering
Additional Edition:
Erscheint auch als Druck-Ausgabe Republic of Moldova: Financial System Stability Assessment Washington, D.C. : International Monetary Fund, 2016 ISBN 9781513501611
Language:
English
Keywords:
Graue Literatur
DOI:
10.5089/9781513501611.002
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