Germany: Financial Sector Assessment Program-Detailed Assessment of Observance on the Basel Core Principles for Effective Banking Supervision

International Monetary Fund

No 2016/196, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper provides assessment of the current state of the implementation of the Basel Core Principles for Effective Banking Supervision in Germany. Since the last Financial Sector Assessment Program (FSAP), German banking supervision has undergone profound changes, with approval of the Capital Requirements Regulation (CRR) and Directive (CRD IV), establishment of the European Banking Authority, and creation of the Single Supervisory Mechanism. The last FSAP (2011) found banking system supervision to be generally sound with some areas in need of improvement—although some of these issues have been addressed, others remain. While supervisory landscape in Germany evolves, it is crucial that supervisors communicate their expectations to banks and develop guidelines and regulations that can be used to substantiate enforceable measures.

Keywords: ISCR; CR; risk management; business organization; risk profile; holding company; savings bank; senior management; management board; Operational risk; Market risk; Credit risk; Credit; Liquidity risk; Global; Europe (search for similar items in EconPapers)
Pages: 304
Date: 2016-06-29
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