Seychelles: Technical Assistance Report-Bank Resolution Framework
Electronic Access:
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Summary:
The IMF conducted a technical assistance to Central Bank of Seychelles (CBS) and provided policy and legal guidance to the CBS on the drafting of legal amendments that will provide an adequate institutional framework and effective powers for bank resolution, and thus contribute to financial stability, while limiting the use of public funds and addressing moral hazard concerns. The mission provided recommendations on corrective actions, emergency liquidity assistance (ELA) and bank resolution frameworks to enhance their alignment with international best practices, FSB’s Key Attributes of Effective Resolution Regimes for Financial Institutions (KAs) and good practice.
Series:
Technical Assistance Report No. 2024/054
Subject:
Bank resolution Bank resolution framework Bridge bank Financial crises Financial institutions Financial sector policy and analysis Financial sector stability Options
Frequency:
regular
English
Publication Date:
July 10, 2024
ISBN/ISSN:
9798400280948/3005-4575
Stock No:
TAREA2024054
Format:
Paper
Pages:
149
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