Myanmar: Technical Assistance Report-Banking Supervision and Regulation

International Monetary Fund

No 2020/184, IMF Staff Country Reports from International Monetary Fund

Abstract: At the request of the Central Bank of Myanmar (CBM), the IMF’s Monetary and Capital Markets Department, visited Yangon for a series of missions in 2018 and early 2019 on banking supervision. The objectives of the work were to support the CBM in the development of bank regulation and supervision, its introduction of a more risk-based approach to supervision. The Guide to Risk-Based Supervision sets out approaches to risk assessment and risk mitigation based on international practices. The key risks identified in the Myanmar context include legal, regulatory and reputational risk, strategic risk and group and related parties’ risk as well as credit, market, operational, and liquidity risks. The CBM is implementing the new approach over the period until 2020. While perfecting a complete risk-based approach will take years, the CBM is committed to implementation and is already undertaking risk assessments using the new risk matrix tool as examinations come due.

Keywords: ISCR; CR; supervision; CBM; risk assessment; FISD; risk management; supervision process; FISD staff; offsite supervision; CAMEL rating guide; onsite supervision unit; FISD review staff number; parent bank development; supervision framework; supervision guide; capital adequacy; enforcement power; Risk-based supervision; Bank supervision; Risk mitigation in revenue administration; Foreign banks; Bank risk management (search for similar items in EconPapers)
Pages: 22
Date: 2020-06-08
New Economics Papers: this item is included in nep-rmg and nep-sea
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