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

Publication Date: September 14, 2012
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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.
Series: Country Report No. 12/268
Subject(s): Bank supervision | Banking sector | Basel Core Principles | Reports on the Observance of Standards and Codes

Publication Date: September 14, 2012
ISBN/ISSN: 9781475510607/1934-7685 Format: Paper
Stock No: 1ARGEA2012001 Pages: 114
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