Brazil: Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision
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Summary:
This report is a detailed assessment of Brazil’s compliance with the Basel Core Principles. Brazil has a well-defined banking supervision process that grants the Banco Central do Brasil (BCB) broad enforcement powers to carry out corrective actions. The licensing process has been enhanced, and considerable improvements have been implemented with regards to debt collection by the BCB. The authorities have adopted strategies to improve compliance measures. Corrective and remedial powers of supervisors have been streamlined. Consultations are under way for implementing Basel-III.
Series:
Country Report No. 2012/207
Subject:
Bank legislation Banking Credit risk Financial regulation and supervision Internal controls Market risk Operational risk Revenue administration
English
Publication Date:
July 31, 2012
ISBN/ISSN:
9781475506730/1934-7685
Stock No:
1BRAEA2012004
Pages:
101
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