To maintain a sound and well-regulated financial sector, there is a need for strong and independent central banks and supervisory and regulatory agencies capable of overseeing and enforcing compliance in banks and non-bank financial institutions.  FSVC’s supervisory and regulatory programs aim to assist counterparts from central banks, financial intelligence units, insurance regulatory agencies and capital markets supervisory authorities in their efforts to develop the appropriate legal and policy frameworks to foster efficient and competitive financial systems.

FSVC programs have helped supervisory and regulatory institutions apply risk-based supervision techniques to assess financial institutions’ internal policies and processes to identify, measure, monitor and control risks; conduct transaction testing to determine a financial institution’s compliance with laws and regulations; and monitor banks’ financial developments on an ongoing basis.  Initiatives also address consolidated bank supervision, risk management, corporate governance and anti-money laundering issues, among other topics.