IMF Staff Country Reports

Brazil : Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision

Author/Editor:

International Monetary Fund

Publication Date:

July 31, 2012

Electronic Access:

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Summary:

This report is a detailed assessment of Brazil’s compliance with the Basel Core Principles. Brazil has a well-defined banking supervision process that grants the Banco Central do Brasil (BCB) broad enforcement powers to carry out corrective actions. The licensing process has been enhanced, and considerable improvements have been implemented with regards to debt collection by the BCB. The authorities have adopted strategies to improve compliance measures. Corrective and remedial powers of supervisors have been streamlined. Consultations are under way for implementing Basel-III.

Series:

Country Report No. 12/207

Subject:

Bank supervision Banking sector Basel Core Principles Brazil Credit risk Financial Sector Assessment Program Reports on the Observance of Standards and Codes Risk management