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United States: Publication of Financial Sector Assessment Program Documentation: Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2010: Issue 121
Language:
English
Publication Date:
14 May 2010
DOI:
https://doi.org/10.5089/9781455206612.002
ISBN:
9781455206612
ISSN:
1934-7685
Pages:
123
Keywords:
ISCR; CR; risk management; banking group; member bank; central bank; country risk; balance sheet; board of directors; correspondent bank; internal audit; Market risk; Credit risk; Credit; Bank supervision; Global
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This paper presents Detailed Assessment of the United States’s observance of Basel Core Principles for Effective Banking Supervision. The U.S. financial system is large and highly diversified. At the end-2007, total U.S. financial assets amounted to almost four and a half times the size of GDP. Of this, however, less than a one-fourth quarter of total financial assets were accounted for by traditional depository institutions. The crisis has radically changed the shape of the U.S. financial system in a short timeframe.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund