| Summary: | 1. Developments in the financial sector and regulatory framework warrant an update of the assessment conducted under the Fund's OFC program and finalized in 2003. Furthermore, the integration of the OFC program into the FSAP (Executive Board meeting 08/48 on May 30, 2008) has widened the scope of the assessment to include stability-related issues and stress tests of certain sectors. This report therefore covers both regulation and supervision and matters relating to the soundness of the financial system and its ability to cope with stress. AML/CFT issues will be dealt with in a separate report.
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