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Financial Sector Advisory Center (FinSAC)

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What We Do

FinSAC works with client countries in Europe and Central Asia in support of their efforts to enhance and improve financial stability. Targeted client-specific technical assistance is the cornerstone of FinSAC¡¯s activities, which is primarily aimed at the alignment of national frameworks with international best practices, and as relevant, with the European Union regulatory framework. This is supported by FinSAC¡¯s other workstreams organizing technical workshops, conferences, and seminars, and undertaking relevant regional research projects with corresponding outreach activities. The main beneficiaries of FinSAC assistance are central banks, banking regulators, deposit insurance agencies, ministries of finance, and other state authorities that have a role in preserving financial stability in their respective jurisdictions.

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Financial Stability, Macroprudential Frameworks, and Crisis Preparedness

FinSAC supports client countries in establishing appropriate institutional arrangements for macroprudential policymaking and building the analytic capacity necessary to support decision-makers.

Technical assistance under Pillar 1 includes: 

  • Advice and implementation support for?Macroprudential Policies?including tools and methods for the monitoring and analysis of systemic financial risks, and support in ensuring a proper institutional framework for macroprudential policy (i.e. national financial stability councils, operationalization of the crisis management systems, interagency coordination, etc.).?

  • Assessment of and recommendations to improve?Crisis Preparedness?frameworks for financial sector policymakers and testing these arrangements through Crisis Simulation Exercises

  • Recommendations and implementation support to enhance?Deposit Insurance?frameworks in line with international good practice to ensure adequate financing and appropriate use of deposit insurance funds.

  • Support to enhance the?Emergency Liquidity Assistance?function and lender-of-last-resort facilities. 

  • Framework design and implementation advice on?Systemic?Risk Assessments related to Climate Change such as stress testing and tools to monitor and assess banks¡¯ physical and transition risks stemming from climate change.

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WHAT FINSAC DOES

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STAY CONNECTED

  • FinSAC
    Vienna, Austria
    Praterstrasse 31, 19th Floor, 1020
    Tel : +43-1-2170-700