Brazil: Financial Sector Assessment Program-Detailed Assessment of Observance – Basel Core Principles for Effective Banking Supervision

November 30, 2018

Preview Citation

Format: Chicago

Brazil: Financial Sector Assessment Program-Detailed Assessment of Observance – Basel Core Principles for Effective Banking Supervision, (USA: International Monetary Fund, 2018) accessed December 26, 2024

Summary

The Central Bank of Brazil (BCB) has shown a determined commitment to enhancing its standards and practices of banking supervision. Changes in the thinking and practices of the BCB’s supervision are not limited to responses to the demands of the international regulatory reform agenda. Overall, the BCB has been guided by the principle of integration, both in terms of the expectations that it places on its own internal operations but on the standards it expects the financial institutions to meet in governing their own risks and activities. One example is the BCB’s innovative and challenging work in the field of contagion analysis at the systemic level which is a perspective it also seeks to embed in its analysis of contagion risk in its prudential work at firm level. Boosting staff levels in conduct supervision, introducing a form of twin peaks, contagion risk analysis, and the prudential conglomerate approach also exemplify welcome developments.

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

Keywords: Board of directors, Business strategy, CR, Credit risk, Credit risk, Financial market, Global, ISCR, Liquidity risk, Market risk, Operational risk, Risk profile, Senior management, Stress testing

Publication Details

Pages:

348
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/340
Stock No:

1BRAEA2018004
ISBN:

9781484387504
ISSN:

1934-7685

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