IMF makes FSAPs compulsory
Twenty-five countries with the most interconnected financial systems must submit to mandatory financial stability health checks conducted by the IMF, the Washington-based body said Monday.
Countries including all the members of the G8 will have to undergo the Financial Sector Assessment Programme (FSAP) once every five years. More than three quarters of the Fund's members have already voluntarily undergone the assessment. However, John Lipsky, the first deputy managing director of the Fund, said
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