In these assessments special attention will be paid to the extent and duration of the partner bank’s participation. If the insurance company does not intend to avail itself of the support of a bank it must describe the organizational arrangements taken for the screening and monitoring of borrowers and, using best banking practices, demonstrate its ability to understand and manage credit risk.
To an extent, yes, reflecting the conditions during the crisis and how different groups of countries have emerged from it. However, the specific conditions, both domestic and global, that would determine the desirability of capital controls for specific countries need to be thought through. Intervention to manage the exchange rate is another way in which a central bank may contribute to external stability.