High-Level Summary Technical Assistance Reports

Grenada: Systemic Risk Monitoring

By Petr Jakubik

November 7, 2024

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Format: Chicago

Petr Jakubik. "Grenada: Systemic Risk Monitoring", High-Level Summary Technical Assistance Reports 2024, 035 (2024), accessed December 21, 2024, https://doi.org/10.5089/9798400293610.029

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Summary

The technical assistance aimed to build capacity to monitor and assess systemic risk for non-bank financial institutions in the Grenada Authority for the Regulation of Financial Institutions (GARFIN). The mission underlined the need to clarify the macroprudential mandate and cooperation with the ECCB to conduct the macroprudential work accordingly. A potential extension of the existing Annual Report and Accounts covering key financial stability indicators and their assessment could be considered. It further highlighted the need to revise the existing reporting templates to reflect systemic risk better. Finally, the important role of the data management system was underlined.

Subject: Financial regulation and supervision, Financial sector policy and analysis, Financial sector risk, Financial sector stability, Stress testing, Systemic risk assessment

Keywords: Caribbean, Contagion risk, Financial sector risk, Financial sector stability, IMF capacity development recipient, Pension balance sheets, Stress testing, Systemic risk assessment

Publication Details

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