Senegal: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency; and Securities Supervision

International Monetary Fund

No 2001/189, IMF Staff Country Reports from International Monetary Fund

Abstract: Senegal’s financial sector is dominated by 10 commercial banks, which account for more than 85 percent of total financial sector assets. The banking system in the country has gradually regained health and is generally well regulated and supervised. The high concentration of credit risk in bank loan portfolios is unavoidable given that banks have little scope for further portfolio diversification. Microfinance development in the country has kept pace with the dynamic evolution of this sector in the West African Economic and Monetary Union region.

Keywords: ISCR; CR; interest rate; monetary management; CFA franc; insider trading; broad money; housing bank; interbank market; exchange rate; capital market; foreign exchange; intervention instrument; financial system; credit risk; bank capital; Commercial banks; Loans; Securities; Securities markets; Africa; World Bank mission; Policy transparency; MFP transparency code; Conférence Interafricaine; publication policy; institution de Prévoyance Retraite du Sénégal; banking system; Banque Centrale des Etats; Financial sector; Financial Sector Assessment Program; West Africa (search for similar items in EconPapers)
Pages: 41
Date: 2001-10-26
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