Myanmar: Technical Assistance Report-Banking Supervision and Regulation
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Summary:
At the request of the Central Bank of Myanmar (CBM), the IMF’s Monetary and Capital Markets Department, visited Yangon for a series of missions in 2018 and early 2019 on banking supervision. The objectives of the work were to support the CBM in the development of bank regulation and supervision, its introduction of a more risk-based approach to supervision. The Guide to Risk-Based Supervision sets out approaches to risk assessment and risk mitigation based on international practices. The key risks identified in the Myanmar context include legal, regulatory and reputational risk, strategic risk and group and related parties’ risk as well as credit, market, operational, and liquidity risks. The CBM is implementing the new approach over the period until 2020. While perfecting a complete risk-based approach will take years, the CBM is committed to implementation and is already undertaking risk assessments using the new risk matrix tool as examinations come due.
Series:
Country Report No. 2020/184
Subject:
Bank risk management Bank supervision Banking Financial institutions Financial regulation and supervision Foreign banks Labor Revenue administration Risk mitigation in revenue administration Risk-based supervision
English
Publication Date:
June 8, 2020
ISBN/ISSN:
9781513546292/1934-7685
Stock No:
1MMREA2020004
Pages:
22
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