Prepared by Sylwia Nowak with inputs from Giancarlo Gasha and Marco Rodriguez (all MCM).
The final data for end 2009 are not yet available.
This Appendix is based on several Reports of Technical Assistance provided by MCM to the Paraguayan authorities in the last two years. See especially: Livacic, Ernesto, “Informe de la Misión al Banco Central del Paraguay,” Abril 2010.
The BCPs are a framework of minimum standards for sound supervisory practices and are considered universally applicable. They define 25 principles that are needed for a supervisory system to be effective. See Basel Committee on banking Supervision, “Core Principles for Effective banking Supervision,” BIS, October 2006.
Four of these thirteen Principles require also some modification in the regulatory framework, although this is a less stringent requirement.
These changes are under the discretion of the BCP Board, and even some of them can be made directly by the SB.