Brazil: Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision

July 31, 2012

Preview Citation

Format: Chicago

Brazil: Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision, (USA: International Monetary Fund, 2012) accessed November 21, 2024

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.

Subject: Bank legislation, Banking, Credit risk, Financial regulation and supervision, Internal controls, Market risk, Operational risk, Revenue administration

Keywords: Bank legislation, Banking group, Board of directors, Business strategy, Central bank, CR, Credit risk, Credit risk, Financial market, Global, Internal audit, Internal controls, ISCR, Market risk, Operational risk, Risk management, Senior management

Publication Details

Pages:

101
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/207
Stock No:

1BRAEA2012004
ISBN:

9781475506730
ISSN:

1934-7685

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