Developments in Financial Supervision and the Use of Macroprudential Measures in Central America
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
Improvements in financial regulation and supervision in the Central American region (CAPDR) have strengthened financial stability. Prudential instruments with potential macroeconomic effects have been introduced. Nonetheless, compared with the larger Latin American and selected industrial countries, there is still important scope for CAPDR to enhance financial supervision and regulation. Based on two surveys, and the analysis of the Basel Core Principles, the paper determines that some weaknesses exist in risk-based supervision, and that macroprudential measures have scarcely been deployed.
Series:
Working Paper No. 2011/299
Subject:
Basel Core Principles Consolidated banking supervision Financial regulation and supervision Financial sector policy and analysis Macroprudential policy instruments Risk-based supervision
English
Publication Date:
December 1, 2011
ISBN/ISSN:
9781463927851/1018-5941
Stock No:
WPIEA2011299
Pages:
29
Please address any questions about this title to publications@imf.org