Developments in Financial Supervision and the Use of Macroprudential Measures in Central America [electronic resource] / Mynor Meza.
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TextSeries: IMF Working Papers; Working Paper ; No. 11/299Publication details: Washington, D.C. : International Monetary Fund, 2011Description: 1 online resource (29 p.)ISBN: 1463927851 :ISSN: 1018-5941Subject(s): Banking Supervision | Banking | Basel III | Consolidated Supervision | Financial Regulation | Financial Supervision | Costa Rica | Dominican Republic | El Salvador | Guatemala | PanamaAdditional physical formats: Print Version:: Developments in Financial Supervision and the Use of Macroprudential Measures in Central AmericaOnline resources: IMF e-Library | IMF Book Store Abstract: 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.
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.
Description based on print version record.
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