IMF team in Athens: Meetings with Bank of Greece, Finance Ministry and banks

An IMF team is visiting Athens and is expected to clasp a bid of meetings within the model of the Financial Sector Assessment Program (FSAP).

According to accusation from “N”, the IMF team will beryllium successful the state for the adjacent two weeks. On Tuesday, it is expected to person meetings with the Governor of the Bank of Greece, Yannis Stournaras, arsenic well arsenic the Hellenic Bank Association.

Based connected information, the docket includes a affluent programme of meetings, with the bulk concerning the Bank of Greece, while meetings are besides planned with the 6 largest banks – the 4 systemic ones successful summation to CrediaBank and Optima Bank, the TEC (Deposit and Investment Guarantee Fund), arsenic well arsenic the Growthfund. At the aforesaid time, according to the aforesaid sources, they will besides spot 1 servicer, 1 oregon 2 security companies and an concern firm.

The visits of the IMF team are expected to beryllium much predominant successful the coming period, but surely not for the aforesaid reasons that they used to beryllium successful the erstwhile decade. The fiscal stability of the Greek banking system appears to beryllium a lawsuit study for planetary institutions within the model of the Financial Sector Assessment Program (FSAP). According to “N” sources, there will beryllium a 2nd ngo successful January, while the applicable study is expected to beryllium published aft Easter.

As banking sources emphasized, the FSAP appraisal is simply a thorough appraisal of the fiscal system successful each country, with accent connected the functioning of institutions such arsenic the Central Bank, the Ministry of Finance and the Deposit Guarantee Fund. In essence, the source explained, it is an appraisal of the model and quality of the authorities to guarantee fiscal stability successful a country. Overall, it is simply a concern arsenic usual appraisal that is usually carried retired each 5 to 10 years.

The questionnaire

The Greek authorities, the Bank of Greece and the Ministry of Finance were questioned 1.5 years agone by the IMF within the model of the FSAP. In the questionnaire, they had responded positively, emphasizing the normality to which the country’s fiscal system has returned.