Data analysis; • Interpretation of the results; • Policy Recommendations; • Policy Implementation. • Develop in-country Action Plan for Implementation of COMESA Framework covering: Conduct of consultative • meetings and/or meetings with other stakeholders; Sudan, Establishment of technical Swaziland, DRC, • Kenya, Mauritius, subcommittee where Malawi, 4 Action Plan 31 March 2012 Rwanda, Uganda, necessary; Madagascar, Egypt Issuance of customized Zimbabwe, • guidance on on-going Burundi, Zambia surveillance, diagnostic assessment, and policy actions; Review of legislation where • necessary; Roll-out of the Framework. • Implement Financial Stability Assessment Framework incorporating: Financial Stability Report • (FSR) in Prescribed Format; Swaziland, Financial Stability Assessment • DRC, Malawi, Matrix; Financial Stability 30 September Kenya, Mauritius, Madagascar , 5 five-tier coding system; • Assessment 2011 Uganda, Rwanda, Zimbabwe, Financial Soundness • Burundi, Egypt, Indicators (FSIs); Zambia Macro-prudential analysis; • Stress testing; • Household Sector Survey • Results; SHIELDS Rating System. • Burundi, Egypt, Electronic submission of Swaziland, Financial Stability Financial Stability Assessment Sudan, DRC, Kenya, Mauritius, 6 Assessment Reports to the Secretariat for 31 October 2011 Malawi, Uganda, Rwanda, Reports posting onto the COMESA Madagascar , website Zimbabwe, Zambia Electronic submission of Mauritius, Malawi, 60 days after end Financial Financial Soundness Indicators Kenya, Rwanda, Zimbabwe, of each quarter 7 Soundness (FSIs) to the Secretariat for Uganda, Sudan, Swaziland, DRC, with effect from Indicators posting onto the COMESA Egypt, Burundi Zambia, December 2010 website Madagascar Monitor compliance with Burundi, Egypt, the 25 Basel Kenya, Mauritius, Swaziland, Member countries conduct 8 Core Principles 31 March 2011 Malawi, Rwanda, Madagascar, for Effective Sudan, Uganda, Zambia Banking Zimbabwe, DRC Supervision Workshop on Macro-Econometric Modeling for Assessing Financial System Stability (Agenda item 3(b)(i)) The following were discussed this agenda item: Overview of the COMESA Financial System Stability Assessment Framework
• Data analysis; • Interpretation of the results; • Policy Recommendations; • Policy Implementation. 4 Action Plan Develop in-country Action Plan for Implementation of COMESA Framework covering: • Conduct of consultative meetings and/or meetings with other stakeholders; • Establishment of technical subcommittee where necessary; • Issuance of customized guidance on on-going surveillance, diagnostic assessment, and policy actions; • Review of legislation where necessary; • Roll-out of the Framework. 31 March 2012 Kenya, Mauritius, Rwanda, Uganda, Egypt Sudan, Swaziland, DRC, Malawi, Madagascar, Zimbabwe, Burundi, Zambia 5 Financial Stability Assessment Implement Financial Stability Assessment Framework incorporating: • Financial Stability Report (FSR) in Prescribed Format; • Financial Stability Assessment Matrix; • five-tier coding system; • Financial Soundness Indicators (FSIs); • Macro-prudential analysis; • Stress testing; • Household Sector Survey Results; • SHIELDS Rating System. 30 September 2011 Kenya, Mauritius, Uganda, Rwanda, Swaziland, DRC, Malawi, Madagascar , Zimbabwe, Burundi, Egypt, Zambia 6 Financial Stability Assessment Reports Electronic submission of Financial Stability Assessment Reports to the Secretariat for posting onto the COMESA website 31 October 2011 Kenya, Mauritius, Uganda, Rwanda, Burundi, Egypt, Swaziland, Sudan, DRC, Malawi, Madagascar , Zimbabwe, Zambia 7 Financial Soundness Indicators Electronic submission of Financial Soundness Indicators (FSIs) to the Secretariat for posting onto the COMESA website 60 days after end of each quarter with effect from December 2010 Kenya, Rwanda, Uganda, Sudan, Egypt, Burundi Mauritius, Malawi, Zimbabwe, Swaziland, DRC, Zambia, Madagascar 8 Monitor compliance with the 25 Basel Core Principles for Effective Banking Supervision Member countries conduct 31 March 2011 Burundi, Egypt, Kenya, Mauritius, Malawi, Rwanda, Sudan, Uganda, Zimbabwe, DRC Swaziland, Madagascar, Zambia Workshop on Macro-Econometric Modeling for Assessing Financial System Stability (Agenda item 3(b)(i)) The following were discussed this agenda item: Overview of the COMESA Financial System Stability Assessment Framework
Report-of-the-8th-Meeting-of-the-COMESA-Financial-System-Development-and-Stability-Sub-Committee-2013.docx