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Developments in Financial Supervision and the Use of Macroprudential Measures in Central America
Author:
Mr. Mynor Meza
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Mr. Fernando L Delgado
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Series:
IMF Working Papers
Volume/Issue:
Volume 2011: Issue 299
Language:
English
Publication Date:
01 Dec 2011
DOI:
https://doi.org/10.5089/9781463927851.001
ISBN:
9781463927851
ISSN:
1018-5941
Pages:
29
Keywords:
WP; CAPDR; BCP compliance index; foreign exchange; BCP assessment; BCP principle; capital; financial regulation; financial supervision; Basel Core Principles; Basel III; macroprudential policy; Central America; Latin America; CAPDR country; financial activity; Risk-based supervision; Macroprudential policy instruments; Consolidated banking supervision; Global
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund