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

Author/Editor:

International Monetary Fund

Publication Date:

September 14, 2012

Electronic Access:

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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:

English

Publication Date:

September 14, 2012

ISBN/ISSN:

9781475510607/1934-7685

Stock No:

1ARGEA2012001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

114

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