Argentina: Detailed Assessment of Compliance of Basel Core Principles for Effective Banking Supervision

September 14, 2012

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Format: Chicago

Argentina: Detailed Assessment of Compliance of Basel Core Principles for Effective Banking Supervision, (USA: International Monetary Fund, 2012) accessed December 26, 2024

Summary

This paper is a detailed assessment of compliance of the Basel Core Principles for effective banking supervision adopted by the Argentinean government. The financial sector in Argentina is dominated by the banking sector, with financial conglomerates managing about 85 percent of banking assets, 78 percent of investment funds, and 32 percent of insurance business. The Executive Board identifies the need for strengthening political and financial independence of the Central Bank of Argentina (BCRA). They also recommend a suitable legal framework for banking supervision and powers to enforce compliance with laws and regulations.

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

Keywords: Africa, BCRA regulation, Central bank, Country risk, CR, Credit risk, Credit risk, Financial system, Foreign currency, Foreign exchange, Global, Interest rate, Internal audit, Internal controls, ISCR, Loans, Market risk, Operational risk, Private sector

Publication Details

Pages:

114
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/268
Stock No:

1ARGEA2012001
ISBN:

9781475510607
ISSN:

1934-7685

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