Panama: Financial Sector Assessment Program - Technical Note on Financial Safety Net, Resolution, and Crisis Management
Electronic Access:
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Summary:
Key institutional pillars of a financial safety net have not been established in Panama. While state-owned banks benefit from an explicit government guarantee, Panama does not possess a deposit insurance framework, lender-of-last resort (LOLR) or emergency liquidity assistance (ELA)mechanism to preserve financial stability. Panama, as a fully dollarized economy with no central bank, faces constraints on its development of key components of the financial safety net which will need to be overcome.
Series:
Country Report No. 2024/235
Subject:
Bank resolution Bank resolution framework Crisis management Crisis resolution Financial crises Financial sector policy and analysis Financial sector stability
Frequency:
regular
English
Publication Date:
July 19, 2024
ISBN/ISSN:
9798400284830/1934-7685
Stock No:
1PANEA2024005
Format:
Paper
Pages:
37
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