Can modules cover more than the core elements?
A. Country authorities requesting an FSAP update, either in the form of a joint IMF-World Bank mission or as separate modules, may suggest additional topics for the exercise. The inclusion of these topics will depend on resource availability. Possible additional elements include: • Updates of previously assessed standards and codes and the associated reassessment of the underlying compliance grade. The need for an update of a particular standard would take into account the elapsed time, changes since the previous assessment, and the country’s level of development. • Issues not covered in the previous assessment. These may include detailed assessments of standards not previously assessed or any issues that have gained relevance to financial stability or development.
