The initial assessment under theFinancial Sector Assessment Program (FSAP) was undertaken in2003. The first Update mission (April 2013) assessed theobservance of selected international standards and codes,and initiated discussions on a broad range of financialsector stability issues. In the case of each of the sectorassessments new methodologies adopted since the globalfinancial crisis were employed. The second mission (July2013) completed its review, documented its assessment in adraft Aide-Memoire, and reviewed with the authorities theAide-Memoire as well as draft technical notes covering arange of topics. The objectives of the FSAP were to reviewdevelopments in the financial sector since the initial 2003FSAP and in light of the lessons from the global financialcrisis, assess and formulate recommendations related tofinancial stability and the financial sector oversightframework. This report presents main findings and recommendations.