巴布亚新几内亚：技术援助报告金融部门稳定审查（英）2024

Investment Rating - The report does not explicitly provide an investment rating for the financial sector in Papua New Guinea Core Insights - The financial sector in Papua New Guinea (PNG) is relatively small and bank-dominated, with total financial sector assets around PGK 80 billion, representing 70% of GDP [23] - The Bank of Papua New Guinea (BPNG) has made efforts to strengthen the financial sector stability framework through reforms guided by the Financial Sector Development Strategy 2018-30 [13][33] - Despite progress, significant weaknesses and challenges remain, particularly in systemic risk analysis, regulatory frameworks, and crisis management [14][15] Summary by Sections Executive Summary - The BPNG has initiated several reforms to enhance the financial sector stability framework, including macroprudential policy development and modernization of payment systems [13] - Key areas requiring improvement include systemic risk analysis, regulatory frameworks for financial institutions, and crisis preparedness [14][15] Background - The financial sector is dominated by four commercial banks, which account for 67% of total financial system assets, and financial inclusion remains limited, with 75% of the population excluded from formal financial services [23][31] - The BPNG is the main regulatory authority, overseeing banks, nonbank deposit-taking institutions, superannuation funds, and life insurance companies [32] Systemic Risk Analysis - The BPNG has established a Macro-Prudential Supervision Unit responsible for macroprudential risk surveillance and policy advice [37] - Current systemic risk analysis relies heavily on Financial Soundness Indicators (FSIs), but broader macro-financial indicators are often overlooked [45] Recommendations - The report outlines key recommendations for improving the financial sector, including operationalizing a Financial Stability Committee, enhancing regulatory frameworks, and developing a comprehensive prudential regulation for e-money providers [15][18] - Specific recommendations include improving systemic risk reporting, amending the Banks and Financial Institutions Act, and strengthening oversight functions of payment systems [18][19]