TY - BOOK ID - 137230826 TI - West African Economic and Monetary Union : Financial Sector Assessment Program-Technical Note on Systemic Risks and Macroprudential Policy Framework. PY - 2022 SN - 9798400221415 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Money and Monetary Policy KW - International Economics KW - Finance: General KW - Macroeconomics KW - Banks and Banking KW - Monetary Policy KW - International Agreements and Observance KW - International Organizations KW - General Financial Markets: Government Policy and Regulation KW - Financial Markets and the Macroeconomy KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Monetary economics KW - International institutions KW - Finance KW - Banking KW - Monetary policy KW - International organization KW - Macroprudential policy KW - Financial sector policy and analysis KW - Financial sector stability KW - Systemic risk KW - Commercial banks KW - Financial institutions KW - Financial sector risk KW - International agencies KW - Financial risk management KW - Financial services industry KW - Economic policy KW - Banks and banking UR - https://www.unicat.be/uniCat?func=search&query=sysid:137230826 AB - Since the 2008 Financial Sector Assessment Program (FSAP), the financial sector of the West African Economic and Monetary Union (WAEMU) has undergone major changes that have altered its risk profile. Three structural changes have played a key role since the 2008 FSAP: (i) the financial sector has grown significantly; (ii) regional banking groups have become dominant; and (iii) the high concentration of bank portfolios in sovereign exposures, which accounted for an average of 31 percent of banking assets at end-2020, are almost triple the level observed in 2004. These changes have altered the structure of systemic risks and vulnerabilities and raised the need for implementing reforms to strengthen the effectiveness of the macroprudential policy and banking supervision frameworks. ER -