Portugal: Financial Sector Assessment Program: Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision

January 30, 2007

Preview Citation

Format: Chicago

Portugal: Financial Sector Assessment Program: Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision, (USA: International Monetary Fund, 2007) accessed September 19, 2024

Summary

This Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision for Portugal discusses the country's market structure. Portugal’s regulatory framework is modern and sound, and highly compliant with international standards. Organic Law (OL) of Banco de Portugal (BdP) provides a clear framework, objectives, and responsibilities for carrying out the supervision of credit institutions, financial companies, and other entities legally subject to the BdP’s regulation. The regulatory framework allows the authorities to undertake globally consolidated supervision over internationally active banking groups.

Subject: Banking, Basel Core Principles, Capital adequacy requirements, Credit, Credit risk, Financial regulation and supervision, Internal controls, Money, Revenue administration

Keywords: Asia and Pacific, Basel Core Principles, Board of directors, Capital adequacy requirements, Capital stock, Country risk, CR, Credit, Credit institution, Credit risk, Credit risk, Eastern Europe, Financial condition, Internal controls, ISCR, Parent company

Publication Details

Pages:

72
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/033
Stock No:

1PRTEA2007003
ISBN:

9781451832259
ISSN:

1934-7685

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