Argentina: Financial Sector Assessment Program-Financial Safety Nets- Technical Note
Electronic Access:
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Summary:
This paper discusses the financial crisis management and crisis preparedness framework of Argentina. Although Argentina has a well-developed financial safety net that has provided timely support to stressed institutions, the system could be further strengthened. Although the Banco Central de la República de Argentina (BCRA) facilities have not been tested, they are well-designed to manage a major banking liquidity crisis. The BCRA should work with other supervisors to monitor potential risks outside its regulatory perimeter. The BCRA approach to supervision is risk-based and focuses on early supervisory action to address deficiencies, but the prompt correction framework could be enhanced.
Series:
Country Report No. 2016/066
Subject:
Bank resolution Bank resolution framework Banking Bridge bank Deposit insurance Financial crises Systemic crises
English
Publication Date:
February 29, 2016
ISBN/ISSN:
9781498391962/1934-7685
Stock No:
1ARGEA2016003
Pages:
21
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