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

June 29, 2016

Preview Citation

Format: Chicago

Germany: Financial Sector Assessment Program-Detailed Assessment of Observance on the Basel Core Principles for Effective Banking Supervision, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Summary

This paper provides assessment of the current state of the implementation of the Basel Core Principles for Effective Banking Supervision in Germany. Since the last Financial Sector Assessment Program (FSAP), German banking supervision has undergone profound changes, with approval of the Capital Requirements Regulation (CRR) and Directive (CRD IV), establishment of the European Banking Authority, and creation of the Single Supervisory Mechanism. The last FSAP (2011) found banking system supervision to be generally sound with some areas in need of improvement—although some of these issues have been addressed, others remain. While supervisory landscape in Germany evolves, it is crucial that supervisors communicate their expectations to banks and develop guidelines and regulations that can be used to substantiate enforceable measures.

Subject: Banking, Credit, Credit risk, Financial regulation and supervision, Liquidity risk, Market risk, Money, Operational risk

Keywords: Business organization, CR, Credit, Credit risk, Europe, Global, Holding company, ISCR, Liquidity risk, Management board, Market risk, Operational risk, Risk management, Risk profile, Savings bank, Senior management

Publication Details

Pages:

304
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/196
Stock No:

1DEUEA2016008
ISBN:

9781475564617
ISSN:

1934-7685

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