Germany: Financial Sector Assessment Program: Detailed Assessment of Observance on Basel Core Principles for Effective Banking Supervision

September 2, 2011

Preview Citation

Format: Chicago

Germany: Financial Sector Assessment Program: Detailed Assessment of Observance on Basel Core Principles for Effective Banking Supervision, (USA: International Monetary Fund, 2011) accessed December 21, 2024

Summary

The design of the German banking supervision framework is structurally sound, with a robust legislative and operational framework that largely complies with the Basel Core Principles for effective banking supervision (BCP). Various improvements to the German supervisory framework have been implemented, acting on multiple recommendations and initiating improvements in supervisory practices on the basis of lessons from the global financial crisis. Further efforts are needed to make fully operational the improvements initiated in light of the lessons from the global financial crisis.

Subject: Auditing, Banking, Credit risk, External audit, Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Loans, Public financial management (PFM), Stress testing

Keywords: Auditing, Business organization, Business plan, Business strategy, CR, Credit risk, Credit risk, Europe, External audit, Financial system, Global, ISCR, KWG audit, Loans, Risk management, Senior management, Stress testing, Supervisory authority

Publication Details

Pages:

128
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/273
Stock No:

1DEUEA2011006
ISBN:

9781463902780
ISSN:

1934-7685

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