Portugal: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Securities Regulation, and Insurance Regulation

International Monetary Fund

No 2006/378, IMF Staff Country Reports from International Monetary Fund

Abstract: Portugal’s financial system is sound, well-managed and competitive, with shorter-term risks and vulnerabilities well contained, and with the system buttressed by a strong financial policy framework. Portuguese banks’ profitability, asset quality, and solvency have held up well in recent years, despite a difficult operating environment. Nevertheless, household debt levels are well above the EU average, and corporate debt levels are also high, although bank credit to firms has been growing moderately in recent years. The government should continue to carefully monitor the key risk areas.

Keywords: ISCR; CR; market; bank; risk; liquidity; Portugal; control market risk; balance sheet; liquidity risk; banking sector; credit risk; asset quality; liquidity situation; price risk; banking market; Market risk; Credit risk; Mortgages; Stress testing; Credit; Europe (search for similar items in EconPapers)
Pages: 54
Date: 2006-10-24
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