Participation in the Financial Sector Assessment Program
The table below shows information, provided by the IMF and the World Bank as of May 2024, on the status of FSAPs and publication of DARs for FSB jurisdictions.*
| FSB Jurisdiction | Latest FSAP completed1 |
Reports published2 | Ongoing and future FSAPs3 |
|||
|---|---|---|---|---|---|---|
| FSSA | BCPs | ICPs | IOSCO | |||
| Argentina | Jul 20134 | yes4 | yes (2011)5 | yes (2011)5 | yes (2011)5 | 2026 |
| Australia | Feb 2019 | yes | yes | yes (2012)6 | yes (2012)6 | 2026 |
| Brazil | Nov 2018 | yes | yes | yes (2012)6 | yes (2012)6 | 2025 |
| Canada | Jun 2019 | yes | yes (2014)6 | yes (2014)6 | yes (2014)6 | 2025 |
| China | Dec 2017 | yes | yes | yes | yes | 2024 |
| France | Jul 2019 | yes | yes (2013)6 | yes (2013)6 | yes (2013)6 | 2025 |
| Germany | Jul 2022 | yes | yes (2016)6 | yes (2011)6 | yes (2011)6 | 2027 |
| Hong Kong | Jun 2021 | yes | yes (2014)6 | yes (2014)6 | yes (2014)6 | 2026 |
| India | Dec 2017 | yes | yes | yes (2012)6 | yes (2012)6 | 2024 |
| Indonesia | Jun 2017 | yes | yes (2010)6 | yes | yes (2010)6 | 2024 |
| Italy | Mar 2020 | yes | yes (2013)6 | yes (2013)6 | yes (2013)6 | 2025 |
| Japan | May 2024 | yes | yes(2017)6 | yes | yes (2012)6 | 2029 |
| Korea | Apr 2020 | yes | yes (2014)6 | yes (2014)6 | yes (2014)6 | 2025 |
| Mexico | Nov 2022 | yes | yes | yes (2012)6 | yes (2012)6 | 2027 |
| Netherlands | Apr 2024 | yes | yes (2011)6 | yes (2011)6 | yes (2011)6 | 2029 |
| Russia | Jul 2016 | yes | yes | yes | yes | 2027 |
| Saudi Arabia | Oct 2017 | yes | yes (2011)6 | not assessed | yes (2011)6 | 2024 |
| Singapore | Jul 2019 | yes | yes (2013)6 | yes (2013)6 | yes (2013)6 | 2027 |
| South Africa | Feb 2022 | yes | yes (2015)6 | yes (2015)6 | yes (2015)6 | 2027 |
| Spain | Oct 2017 | yes | yes (2012)6 | yes (2012)6 | yes (2012)6 | 2024 |
| Switzerland | Jun 2019 | yes | yes (2014)6 | yes (2014)6 | yes (2014)6 | 2025 |
| Türkiye | Jan 2023 | yes | yes (2017)6 | yes (2017)6 | no (2006) 7 | 2027 |
| United Kingdom | Feb 2022 | yes | yes (2016)6 | yes | yes (2011)6 | 2027 |
| United States | Aug 2020 | yes | yes (2015)6 | yes (2015)6 | yes (2015)6 | 2026 |
| European Union | Jul 2018 | yes8 | yes8 | n/a | n/a | 2024 |
FSAP = Financial Sector Assessment Program.
DAR = Detailed Assessment Report on the observance of standards and codes.
FSSA = Financial Stability Assessment.
BCPs = Basel Committee on Banking Supervision’s Basel Core Principles.
ICPs = International Association of Insurance Supervisors’ Insurance Core Principles.
IOSCO = International Organization of Securities Commissions’ Objectives and Principles of Securities Regulation.
n/a = Not Applicable.
* Note: The IMF has made it mandatory for 32 jurisdictions with systemically important financial sectors to undergo FSAP assessments every five years. These include all FSB member jurisdictions except Argentina and South Africa. These FSAP assessments are formally part of IMF Article IV consultations.
- Refers to the month that the Financial System Stability Assessment (FSSA) report was published by the IMF, except in the case of Argentina (see footnote 4).
- Refers to reports prepared as part of the latest FSAP (unless otherwise indicated). These include the FSSA and the DARs (Detailed Assessment Reports on the observance of standards and codes) on the BCBS’s Basel Core Principles (BCPs), the IAIS’s Insurance Core Principles (ICPs), and IOSCO’s Objectives and Principles of Securities Regulation.
- The dates, which refer to the calendar year of the concluding FSAP mission, are indicative and subject to change.
- The FSSA of Argentina was completed in 2013 and published in February 2016. Due to the ongoing IMF program for Argentina, scheduling of FSAPs has been difficult.
- Stand-alone ROSCs for Argentina were completed in October 2011.
- The published DARs date back to an earlier FSAP. For the EA member states, the FSAPs usually do not have DARs for BCP assessments anymore.
- The last IOSCO assessment (not published) for Türkiye dates back to 2006.
- Refers to the Euro Area.