Central bank issues financial stability review

25 Apr 2019 2072 | Business & Trade Fairs

The National Bank of Cambodia (NBC) yesterday launched its Financial Stability Review (FSR), a report that aims to provide reliable financial data to the public to help mitigate risks.

Speaking at the launch, Neav Chanthana, NBC vice governor, said the FSR is a valuable document that helps the public and investors better understand the financial sector.

“It informs policy decisions in the public and private realms. It is particularly helpful for investors, financial institutions and relevant stakeholders, guiding decisions on investment, business expansion and helping mitigate any potential risks,” she said.

. .

The report assesses the potential and likelihood of risks to financial stability, including macroeconomic and systemic risks. It addresses macro-financial linkage issues and discussions on potential policies to help mitigate systemic risks.

Young Sarah Zhou, IMF resident representative to Cambodia, said the launch of the document is a significant milestone in the development of the industry.

“Cambodia’s financial sector has been growing rapidly, becoming a complex system. The FSR lists the important issues and helps us understand them better,” she said.

“Today’s launch is an impressive and remarkable achievement possible thanks to NBC’s strong leadership and years of dedication promoting financial stability,” she said, adding, “We are proud to be a part of this.”