THE International Monetary Fund (IMF) has upgraded its Financial Soundness Indicators (FSIs) database to fully reflect methodological improvements introduced in the 2019 Financial Soundness Indicators Compilation Guide (2019 FSIs Guide). It explained that FSIs are key macro-financial indicators to assess the overall soundness of the financial system. In all, the 2019 FSIs guide recommends the compilation of 53 FSIs with 13 new indicators. According to the IMF, FSIs for banks have been upgraded to better gauge bank buffers compared to expected and unexpected losses. “The 2019 FSIs guide and the new data series are available on the IMF’s FSI data portal,” the multilateral institution stated.

Source: Nigerian Tribune February 07, 2022 09:07 UTC