United States: Financial System Stability Assessment

International Monetary Fund

No 2020/242, IMF Staff Country Reports from International Monetary Fund

Abstract: Much of the Financial Sector Assessment Program (FSAP) work was conducted prior to the COVID-19 pandemic. The lockdown of the economy has led to a massive growth shock. Following the precipitous fall, risk asset prices have rebounded, and financial conditions eased. The vulnerability analysis has been updated and largely captures this shock. Recommendations on strengthening policy and institutional frameworks remain pertinent. The approach to financial regulation and supervision was risk-focused given the high degree of compliance against international standards assessed during the 2015 FSAP.

Keywords: ISCR; CR; spot market; financial system; commercial paper; fixed income; short term; U.S. dollar; money market; economic activity; mortgage loan; central bank; Loans; Stress testing; Liquidity; Financial sector stability; Mortgages; Global (search for similar items in EconPapers)
Pages: 113
Date: 2020-08-10
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