Suchergebnisse

Cover -- CONTENTS -- Glossary -- EXECUTIVE SUMMARY -- FINANCIAL STRUCTURE -- VULNERABILITIES -- SYSTEMIC RISK ASSESSMENT -- A. Banking Sector Stress Tests -- MACROPRUDENTIAL FRAMEWORK AND POLICIES -- FINANCIAL SECTOR OVERSIGHT -- A. Banking Sector Oversight -- B. Insurance Supervision -- C. Supervision of Cooperatives -- D. Financial Integrity -- FINANCIAL SAFETY NET AND CRISIS MANAGEMENT -- DEVELOPMENTAL CHALLENGES -- A. Financial Inclusion -- B. Pensions -- C. Market Conduct -- D. Capital Markets -- FIGURES -- 1. Financial Soundness Indicators Amongst Peers -- 2. Credit Delinquency -- 3. Housing Market Indicators -- 4. Corporate Sector Sensitivity Analysis -- 5. Stress Test Scenarios - Baseline and Adverse -- 6. Stress Test Results - Capital Adequacy -- 7. Stress Test Results - Drivers of the Change in Capital Levels -- 8. Systemic Risk Metrics -- TABLES -- 1. FSAP Key Recommendations -- 2. Financial Sector Structure -- 3. Key Financial Soundness Indicators -- 4. Solvency Stress Test Results -- APPENDICES -- I. Selected Economic Indicators -- II. Detailed Financial Soundness Indicators -- III. Risk Assessment Matrix (RAM) -- IV. Banking Sector Stress Testing Matrix (STeM) -- V. Implementation of 2011 FSAP Recommendations -- VI. The Effect of Higher Bank Capital Requirements on Credit in Peru -- VII. Report on the Observance of Standards and Codes-Basel Core Principles for Effective Banking Supervision.

Cover -- CONTENTS -- CONTEXT -- RECENT DEVELOPMENTS -- OUTLOOK AND RISKS -- POLICY DISCUSSIONS -- A. Delivering a Short-Term Fiscal Impulse and Initiating a Medium-Term Consolidation -- B. Keeping Monetary Policy Data Dependent and Credible -- C. Maintaining Financial Stability and Fostering Financial Development -- D. Driving Growth and Expanding Social Protection Through a Broad Structural Reform Agenda -- E. Authorities' Views -- STAFF APPRAISAL -- BOXES -- 1. Productivity Trends at the Macro and Micro Level -- 2. Governance and Corruption -- 3. Poverty and Inequality Reduction During the Commodity Boom -- 4. Pension Projections and Reform Scenarios -- FIGURES -- 1. Real Sector Developments -- 2. Fiscal Sector Developments -- 3. External Sector Developments -- 4. Financial Sector Developments -- 5. FX and Capital Market Developments -- 6. Balance Sheet Indicators -- 7. External Debt Sustainability: Bound Tests -- TABLES -- 1. Selected Economic Indicators -- 2. Nonfinancial Public Sector Main Fiscal Aggregate -- 3. Statement of Operations of the General Government -- 4. General Government Stock Positions -- 5. Balance of Payments -- 6. Monetary Survey -- 7. Financial Soundness Indicators -- 8. Financial and External Vulnerability Indicators -- 9. Medium-Term Macroeconomic Framework -- 10. External Debt Sustainability Framework -- ANNEXES -- I. Implementation of Past Fund Advice -- II. External Sector Assessment -- III. Macro-Financial Stability Update -- IV. Staff GDP Forecast Errors -- V. Risk Assessment Matrix -- VI. Public Sector Debt Sustainability Analysis -- VII. Impact of Non-Resident Holdings of Local Currency Bonds on Local Currency Yields -- VIII. Key FSAP Recommendations -- IX. The Potential for Fintech to Improve Financial Inclusion in Peru -- CONTENTS -- FUND RELATIONS -- RELATIONS WITH OTHER INTERNATIONAL FINANCIAL INSTITUTIONS.

Cover -- CONTENTS -- Glossary -- SUMMARY AND MAIN FINDINGS -- A. Summary -- B. Main Findings -- INTRODUCTION AND METHODOLOGY -- A. Introduction -- B. Information and Methodology Used for Assessment -- INSTITUTIONAL AND MARKET STRUCTURE-OVERVIEW -- A. Institutional Overview -- B. Market Structure -- PRECONDITIONS FOR EFFECTIVE BANKING SUPERVISION -- A. Sustainable Macroeconomic Policies -- B. Framework for the Formulation of Financial Stability Policies -- C. Public Infrastructure -- D. Framework for Crisis Management, Recovery and Resolution -- E. Market Discipline -- DETAILED ASSESSMENT -- A. Supervisory Powers, Responsibilities and Functions -- B. Prudential Regulations and Requirements -- SUMMARY COMPLIANCE WITH THE BASEL CORE PRINCIPLES -- RECOMMENDED ACTIONS AND AUTHORITIES' COMMENTS -- A. Recommended Actions -- B. Authorities' Response to Assessment -- FIGURE -- 1. Organogram SBS -- TABLE -- 1. Financial Sector Structure

KEY ISSUESContext: The overall state of the economy remains strong despite lower metal pricesand market turbulence in mid-2013. The economy is still operating somewhat nearpotential and continues to be one of the most dynamic in the region. However, the paceof growth slowed in 2013 as a result of external shocks and lower domestic confidence.Headline inflation increased due to a combination of supply shocks and exchange rate?pass-through? effects. The current account deficit has widened recently due to a fall inexports. Against this background, fiscal policy provided a positive impulse, while

The delegation in Lima, which was opened in 1984, has expanded over the years, to keep pace with the mounting violence throughout the country, in its efforts to assist security detainees and civilians affected by the internal conflict. The expatriate staff was increased to 31 by the end of the year and after numerous field surveys, operations were extended into areas previously cut off to any aid whatsoever. The ICRC therefore played a key role in bringing assistance and protection to victims of the conflict where no one else could.