 Global Financial Regulatory Reform: Implications for Latin America and the Caribbean (LAC)Robert Rennhack No 2009/019, IMF Staff Position Notes from International Monetary Fund Abstract: The Latin America and Caribbean (LAC) region has weathered the global financial crisis reasonably well so far, although tighter global financial conditions began to take their toll on trade, capital flows and economic growth in late 2008. This resilience reflects the reforms put in place by many countries over the past decade to strengthen financial supervision and adopt sound macroeconomic policies. Building on this progress, the region’s financial sector reform agenda now aims at further improvements, including steps aiming to improve compliance with the Basel Core Principles of Banking Supervision and to broaden and deepen domestic financial markets. Keywords: SPN; financial activity; capital market; balance sheet; lender of last resort; banking system; currency swap; commercial paper; reverse repo; bank-risk indicator; mortgage lender; parent bank; bank affiliate; repurchase agreement; bank mortgage lender; preferred shares; Credit; Capital adequacy requirements; Liquidity; Global; Caribbean; Central America (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:imf:imfspn:2009/019 Ordering information: This working paper can be ordered from Access Statistics for this paper More papers in IMF Staff Position Notes from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC. |
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