Republic of Belarus: Financial System Stability Assessment: Update, including Report on the Observance of Standards and Codes on Banking Supervision

International Monetary Fund

No 2009/030, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents an update to the Financial System Stability Assessment (FSAP) on the Republic of Belarus. The paper reveals that the Belarusian financial sector has so far weathered the ongoing turmoil well, reflecting its relatively closed nature and the dominant role of state-owned banks. The regulatory and supervisory framework has improved since the 2004 FSAP. The planned overhaul of government-directed lending mechanisms in the context of the Stand-By Arrangement will help to ensure the long-term viability of the Belarusian banking sector.

Keywords: ISCR; CR; bank; deposit; lending; Belarusian bank; interest rate; financial condition; bank owner; household deposit; capital position; Loans; Insurance companies; Bank deposits; Deposit insurance; Nonbank financial institutions; Eastern Europe (search for similar items in EconPapers)
Pages: 45
Date: 2009-01-30
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