Argentina : Financial Sector Assessment Program-Financial Safety Nets- Technical Note

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

February 29, 2016

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper discusses the financial crisis management and crisis preparedness framework of Argentina. Although Argentina has a well-developed financial safety net that has provided timely support to stressed institutions, the system could be further strengthened. Although the Banco Central de la República de Argentina (BCRA) facilities have not been tested, they are well-designed to manage a major banking liquidity crisis. The BCRA should work with other supervisors to monitor potential risks outside its regulatory perimeter. The BCRA approach to supervision is risk-based and focuses on early supervisory action to address deficiencies, but the prompt correction framework could be enhanced.

Series:

Country Report No. 16/66

Subject:

English

Publication Date:

February 29, 2016

ISBN/ISSN:

9781498391962/1934-7685

Stock No:

1ARGEA2016003

Format:

Paper

Pages:

21

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