Financial stability is a key component to building capacity within the financial sector. Ensuring financial actors such as insurers can remain stable during crises is crucial to economic development and poverty reduction. There are many components to financial stability including supervising and regulating banks so they are solvent and stable, supervising and regulating non-banks, assisting in good governance practices, building institutional capacity, and comprehensive inclusion of marginalized communities.
The FSTA team designed several activities to help the National Commission for Financial Markets to respond to the COVID-19 crisis, preserving the financial stability of supervised entities (insurers in particular), and enhancing consumer protection measures.
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