Germany: Financial Sector Assessment Program: Detailed Assessment of Observance on Basel Core Principles for Effective Banking Supervision
IMF Staff Country Reports, September 2, 2011
Source details
- Canonical URL
- Germany: Financial Sector Assessment Program: Detailed Assessment of Observance on Basel Core Principles for Effective Banking Supervision
Other formats
Bibliographic details
- Published: September 2, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781463902780.002
Overview and principal finding
- The design of the German banking supervision framework is structurally sound, with a robust legislative and operational framework that largely complies with the Basel Core Principles for effective banking supervision (BCP).
- Various improvements to the German supervisory framework have been implemented, acting on multiple recommendations and initiating improvements in supervisory practices on the basis of lessons from the global financial crisis.
- Further efforts are needed to make fully operational the improvements initiated in light of the lessons from the global financial crisis.
Subject areas and keywords
- Subject: Auditing, Banking, Credit risk, External audit, Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Loans, Public financial management (PFM), Stress testing
- Keywords: Auditing, business organization, business plan, business strategy, CR, credit risk, Credit risk, Europe, External audit, financial system, Global, ISCR, KWG audit, Loans, risk management, senior management, Stress testing, supervisory authority
Analysis implications and policy stance (as stated in the report)
- The report recognizes a largely compliant supervisory framework while highlighting the need to operationalize recent improvements deriving from lessons of the global financial crisis.
- Supervisory practice enhancements have been initiated in response to multiple recommendations; the emphasis is on completing implementation to achieve full effectiveness.
International Monetary Fund. "Germany: Financial Sector Assessment Program: Detailed Assessment of Observance on Basel Core Principles for Effective Banking Supervision", IMF Staff Country Reports 2011, 273 (2011).