First, despite its shortcomings, the IMF's surveillance can play a role in reducing the risk of disruptive adjustments, including as regards global imbalances. Its FSAP (Financial Sector Assessment Program) contributes to more resilient financial systems. Moreover, the IMF can provide a unique forum for crisis resolution.
Part I Core banking solution – an assessment Core banking Systems (CBS) have facilitated building up customer-centric, service oriented architecture of banking services at front end and also created the capacity to efficiently handle large volumes of transactions, data and book-keeping requirements.