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La administración del riesgo de liquidez en las entidades financieras: mejores prácticas internacionales y experiencias (In Spanish)

Liquidity risk management in banks: international best practices and cases (In Spanish)

Miguel Delfiner (), Claudia Lippi and Cristina Pailhé

MPRA Paper from University Library of Munich, Germany

Abstract: This paper studies the best practices related to the management of liquidity risk in financial institutions from the viewpoint of the standards, as well as its treatment in a series of countries. Firstly it reviews the best practices suggested by the Basel Committee on Banking Supervision, the developments in European countries observed by the European Central Bank, and sound practices for liquidity risk management proposed in the supervision manuals of the US regulatory agencies. Secondly, it examines particular experiences of countries that apply policies for the management of liquidity risk, through their supervision manuals or their regulation. The paper also includes the experiences of some Latin-American countries that rely on a specific regulation of liquidity, together with the Argentine case. Although the importance of liquidity risk is well known, given the idiosyncratic characteristics shown in different banks, the organisms in charge of establishing the best practices regarding the subject prefer to give general principles that can be used as a guide in the management of the risk rather than to specify a quantitative regulation. Most of the analysed countries have adopted these recommendations, in some cases giving some freedom for the banks to apply internal methods, in others providing guidance for banks that don’t have advanced developments in the subject yet. In other countries, instead, quantitative regulations have been implemented.

Keywords: Liquidity Risk; Liquidity Mismatches; Regulation (search for similar items in EconPapers)
JEL-codes: G21 (search for similar items in EconPapers)
Date: 2006-10, Revised 2006-10
New Economics Papers: this item is included in nep-ban, nep-reg and nep-rmg
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