Argentina: Financial Sector Assessment Program-Financial Safety Nets- Technical Note

International Monetary Fund

No 2016/066, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses the financial crisis management and crisis preparedness framework of Argentina. Although Argentina has a well-developed financial safety net that has provided timely support to stressed institutions, the system could be further strengthened. Although the Banco Central de la República de Argentina (BCRA) facilities have not been tested, they are well-designed to manage a major banking liquidity crisis. The BCRA should work with other supervisors to monitor potential risks outside its regulatory perimeter. The BCRA approach to supervision is risk-based and focuses on early supervisory action to address deficiencies, but the prompt correction framework could be enhanced.

Keywords: ISCR; CR; BCRA charter; address BCRA staff liability; la Nación Argentina; resolution process; BCRA exercises macro; BCRA personnel bylaw; CAMELBIG rating; recovery and resolution plans; BCRA authority; Banco Suquía; capital base; BCRA approach; bank assistance; Bank resolution framework; Systemic crises; Bridge bank; Deposit insurance; Bank resolution; Africa; Global (search for similar items in EconPapers)
Pages: 21
Date: 2016-02-28
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