Technical Assistance Reports

Seychelles: Technical Assistance Report-Bank Resolution Framework

July 10, 2024

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Seychelles: Technical Assistance Report-Bank Resolution Framework, (USA: International Monetary Fund, 2024) accessed November 21, 2024

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.

Subject: Bank resolution, Bank resolution framework, Bridge bank, Financial crises, Financial institutions, Financial sector policy and analysis, Financial sector stability, Options

Keywords: Bank resolution, Bank resolution framework, Bank resolution law, Banking, Bridge bank, Corrective actions, Cross border coordination., Deposit insurance scheme, Domestic coordination, Emergency liquidity assistance, Entry into resolution, Financial sector stability, Financial stability, Global, IMF legal department, IMF Monetary, IMF's Monetary, Key attributes, MCM STX, Moral hazard, Options, Public funds, Recovery plans, Request of the Central Bank of Seychelles, Resolution funding mechanism, Resolution options, Resolution plans, Resolvability assessments, Seychelles, South Asia

Publication Details

  • Pages:

    149

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Technical Assistance Report No. 2024/054

  • Stock No:

    TAREA2024054

  • ISBN:

    9798400280948

  • ISSN:

    3005-4575