The FSAP was initiated in the aftermath of the Asian crisis, in 1999, and is designed to evaluate a country's financial system. It includes a comprehensive assessment of regulatory arrangements, including banking supervision and securities market regulation, using international standards and codes as benchmarks. It also involves stress testing the financial system to assess the system's capacity to withstand economic shocks.
Special gratitute to your Majesty, Queen Maxima of the Netherlands who is the UN Secretary General’s Special Advocate for Financial Inclusion for accepting to be the guest of honor to this event.