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

February 29, 2016

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Format: Chicago

Argentina: Financial Sector Assessment Program-Financial Safety Nets- Technical Note, (USA: International Monetary Fund, 2016) accessed November 23, 2024

Summary

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.

Subject: Bank resolution, Bank resolution framework, Banking, Bridge bank, Deposit insurance, Financial crises, Systemic crises

Keywords: Address BCRA staff liability, Africa, Banco Suquía, Bank assistance, Bank resolution, Bank resolution framework, BCRA approach, BCRA authority, BCRA charter, BCRA exercises macro, BCRA personnel bylaw, Bridge bank, CAMELBIG rating, Capital base, CR, Deposit insurance, Global, ISCR, La Nación Argentina, Recovery and resolution plans, Resolution process, Systemic crises

Publication Details

Pages:

21
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/066
Stock No:

1ARGEA2016003
ISBN:

9781498391962
ISSN:

1934-7685

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