Argentina: Detailed Assessment of Compliance of Basel Core Principles for Effective Banking Supervision

International Monetary Fund

No 2012/268, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper is a detailed assessment of compliance of the Basel Core Principles for effective banking supervision adopted by the Argentinean government. The financial sector in Argentina is dominated by the banking sector, with financial conglomerates managing about 85 percent of banking assets, 78 percent of investment funds, and 32 percent of insurance business. The Executive Board identifies the need for strengthening political and financial independence of the Central Bank of Argentina (BCRA). They also recommend a suitable legal framework for banking supervision and powers to enforce compliance with laws and regulations.

Keywords: ISCR; CR; central bank; financial system; foreign currency; BCRA regulation; interest rate; credit risk; internal audit; foreign exchange; private sector; country risk; Market risk; Operational risk; Credit risk; Loans; Internal controls; Global; Africa (search for similar items in EconPapers)
Pages: 114
Date: 2012-09-14
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