Brazil: Financial System Stability Assessment
IMF Staff Country Reports, July 31, 2012
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- Canonical URL
- Brazil: Financial System Stability Assessment
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Bibliographic details
- Published: July 31, 2012
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475506723.002
Summary findings
- The Brazilian financial system is diversified and shows sustained economic progress.
- Fiscal and monetary policies have been aimed to improve bank reserves.
- Foreign exchange intervention has been streamlined to curb volatility in the exchange market.
- These measures have been effective in achieving the immediate targets, maintaining macroeconomic stability, and ensuring adequate financial sector buffers.
- There are indications of emerging strains in some sectors and asset classes.
Key themes and issues
- Bank resolution framework and bank supervision.
- Credit and credit risk, including debt service pressures.
- Liquidity considerations such as liquidity ratio and reverse repo operations.
- Interest rate, exchange rate, and foreign exchange market interventions.
- Financial institutions and investment funds, including mutual funds and bond market dynamics.
- Financial sector stability and potential vulnerabilities to shocks.
Policy measures and assessment
- Fiscal and monetary policy actions focused on strengthening bank reserves.
- Streamlining of foreign exchange intervention to reduce exchange market volatility.
- Outcomes: immediate targets met; macroeconomic stability maintained; financial sector buffers deemed adequate.
Risks and emerging concerns
- Emerging strains identified in some unspecified sectors and asset classes.
- Ongoing monitoring implied for credit, liquidity, and market risks.
Publication and metadata
- Publication title: Brazil: Financial System Stability Assessment
- Publication date: July 31, 2012
- Series: Country Report No. 2012/206
- Issue: 206
- Volume: 2012
- Pages: 64
- DOI: https://doi.org/10.5089/9781475506723.002
- Stock No: 1BRAEA2012003
- ISBN: 9781475506723
- ISSN: 1934-7685
- Subject tags: Bank resolution framework; Banking; Credit; Financial crises; Financial institutions; Financial regulation and supervision; Financial sector policy and analysis; Financial sector stability; Loans; Money; Mutual funds
- Keywords: bank supervision; bond market; bridge bank statute; central bank; CR; Credit; credit risk; debt service; exchange rate; Financial sector stability; financial system; foreign exchange; Global; interest rate; investment funds; ISCR; liquidity ratio; Loans; medium bank; reverse repo
International Monetary Fund. "Brazil: Financial System Stability Assessment", IMF Staff Country Reports 2012, 206 (2012).
Content in this bundle
- Executive Summary