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

April 2, 2015

Preview Citation

Format: Chicago

United States: Financial Sector Assessment Program-Detailed Assessment of Observance on the Basel Core Principles for Effective Banking Supervision, (USA: International Monetary Fund, 2015) accessed November 21, 2024

Summary

This paper discusses key findings of the Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision (BCP) on the United States. The U.S. federal banking agencies have improved considerably in effectiveness. These improvements are reflected in the high degree of compliance with BCP in this current assessment. Shortcomings have been observed, particularly in the treatment of concentration risk and large exposures, but they do not raise concerns overall about the authorities’ ability to undertake effective supervision. These shortcomings should, however, be addressed if the United States is to achieve the standards of supervisory effectiveness expected of one of the most systemically important financial systems in the world.

Subject: Banking, Credit, Financial regulation and supervision, Financial sector policy and analysis, Internal controls, Liquidity risk, Market risk, Money, Operational risk, Stress testing

Keywords: Banking organization, CR, Credit, Global, ISCR, Liquidity risk, Market risk, Operational risk, Risk management, Risk profile, Savings and loan, Senior management, State bank, Stress testing

Publication Details

Pages:

257
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/089
Stock No:

1USAEA2015001
ISBN:

9781484312728
ISSN:

1934-7685

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