塞拉利昂：实施银行危机管理框架

SIERRA LEONE Operationalizing the Crisis ManagementFramework for Banks March2025 Prepared ByJaime Ponce, Peter Mugisa PARTNERSFinancial Sector Stability Fund High-Level Summary Technical Assistance ReportMonetary and Capital Markets Department Sierra Leone - Operationalizing the Crisis Management Framework for BanksPrepared by Jaime Ponce, Peter Mugisa TheHigh-Level Summary Technical Assistance Reportseries provides high-level summaries of theassistance provided to IMF capacity development recipients, describing the high-level objectives,findings, and recommendations. ABSTRACT: This report provides technical assistance to Sierra Leone in operationalizing its crisismanagement framework for banks, following the adoption of a legal framework for bank resolution andliquidation in 2019. Bank of Sierra Leone (BSL), the designated Resolution Authority, faces significantinstitutional capacity obstacles, primarily due to understaffing and lack of expertise. Recommendationsfocus on staffing and training a specialized resolution unit, merging it with the depositor protection unit,and enhancing operational preparedness through pre-engaging external experts and developing internalguidelines and procedures. The report includes a detailed Work Plan for 2025-2026. The contents of this document constitute a high-level summary of technical advice provided by the staff ofthe International Monetary Fund (IMF) to the authorities of Sierra Leone in response to their request forcapacity development. Unless the CD recipient specifically objects within 30 business days of itstransmittal, the IMF will publish this high-level summary on IMF.org (seeStaff Operational Guidance onthe Dissemination of Capacity Development Information). Background At the request of the Bank of Sierra Leone (BSL), a Monetary and Capital Markets (MCM)Department mission visited Freetown, Sierra Leone from December 6 to 16, to assist theauthorities in the operationalization of the crisis management framework for banks. The missionimplemented some of the Technical Assistance (TA) activities suggested by the Sierra Leone FinancialSector Stability Review (FSSR) conducted in 2021. The missioninvolved high-level meetings with BSL officials, tailored training sessions, andworking discussions with technical staff.The TA focused on establishing a resolution unit within theBSL and ensuring itsoperationalreadiness to effectively respond to banking crises. This TA did not coverEmergency Liquidity Assistance (ELA) or the Deposit Protection System. Summary of Findings Although the legal framework for bankresolution adopted in 2019 is closely aligned withinternational standards, the BSL faces significant institutional capacity obstacles for itsimplementation. Both the Supervision and Financial Stability departments, crucial for crisismanagement, are severely understaffed, resultingin limited progressto adopt recommendationsmade bytheFSSRin 2021. Given theseconstraints,theBSL views the resolution function as a contingent capability,to beactivated by pooling staff from different departmentsin case ofabankcrisis.In addition, theexisting draft Framework on Crisis Management and Bank Resolution lacks specificity, is not adapted toSierra Leone's legal framework, and therefore has very limited operational value. Summary of Recommendations To strengthen and operationalize Sierra Leone’s bank crisis management framework, the missionrecommended key actions in two mainareas. On the institutional front, the recommendations included(i)staffing the Crisis Management Unit andmerging it with the Deposit Protection Fund Unit to enhance synergies; (ii)creating a Crisis ManagementWorking Group to coordinate BSL's work across departments; (iii)pre-engaging external serviceproviders, and(iv)training staff and management on crisis management. On the preparedness front, the recommendations included (i) modifying the draft Framework on CrisisManagement and Bank Resolution based on the mission's feedback; (ii) developing and operationalizinga recovery and resolution planning framework; (iii) drafting a Resolution Manual; (iv) developing an expost resolution funding mechanism subject to strict safeguards; (v) formalizing an agreement between theMinistry of Finance and BSL to ensure the swift availability of backup funding for the Deposit ProtectionFund; and (vi) enhancing bilateral cooperation channels with foreign home authorities. The mission provided training, supportingwrittenmaterials, and a detailed Work Plan outliningthe steps to implement these recommendations.