El Salvador: Detailed Assessment of Compliance of the Basel Core Principles for Effective Banking Supervision

Publication Date: February 11, 2014
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Summary: This paper discusses key findings of the detailed assessment of compliance of the Basel Core Principles for Effective Banking Supervision for El Salvador. The Salvadoran financial system is comparable with its regional peers in terms of size. The financial system has weathered the global financial crisis reasonably well. Reflecting a flight out of riskier assets and a number of recapitalization rounds, capital adequacy levels slightly increased and currently averages nearly 17 percent. Nonperforming loans amount to 3.8 percent of total loans, up from about 2 percent before the crisis. The Salvadoran authorities are also in the process of overhauling the supervisory landscape.
Series: Country Report No. 14/45
Subject(s): Financial Sector Assessment Program | Basel Core Principles | Banking sector | Bank supervision | Deposit insurance | Reports on the Observance of Standards and Codes | El Salvador

Publication Date: February 11, 2014
ISBN/ISSN: 9781475554465/1934-7685 Format: Paper
Stock No: 1SLVEA2014002 Pages: 66
US$18.00 (Academic Rate:
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