The International Monetary Fund (IMF) has expanded the set of countries that it deems have systemically important financial sectors, and which will be subject to a financial sector assessment programme (FSAP) every five years along with their Article IV surveillance.
The FSAP was made compulsory in 2010 for a list of 25 countries whose financial sectors were judged to be systemically important, of which 24 have since undergone the financial check-up.
The IMF has now reviewed the programme and up
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