Portugal: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Securities Regulation, and Insurance Regulation
Electronic Access:
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Summary:
Portugal’s financial system is sound, well-managed and competitive, with shorter-term risks and vulnerabilities well contained, and with the system buttressed by a strong financial policy framework. Portuguese banks’ profitability, asset quality, and solvency have held up well in recent years, despite a difficult operating environment. Nevertheless, household debt levels are well above the EU average, and corporate debt levels are also high, although bank credit to firms has been growing moderately in recent years. The government should continue to carefully monitor the key risk areas.
Series:
Country Report No. 2006/378
Subject:
Banking Credit Credit risk Financial institutions Financial regulation and supervision Financial sector policy and analysis Market risk Money Mortgages Stress testing
English
Publication Date:
October 24, 2006
ISBN/ISSN:
9781451832211/1934-7685
Stock No:
1PRTEA2006002
Pages:
54
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