Republic of Belarus: Financial Sector Assessment Program: Detailed Assessment of Compliance: Basel Core Principles for Effective Banking Supervision
IMF Staff Country Reports, May 18, 2006
Source details
- Canonical URL
- Republic of Belarus: Financial Sector Assessment Program: Detailed Assessment of Compliance: Basel Core Principles for Effective Banking Supervision
Other formats
Bibliographic details
- Published: May 18, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451805208.002
Summary
- This Detailed Assessment of Compliance—Basel Core Principles for Effective Banking Supervision on the Republic of Belarus reviews principle-by-principle assessment and authorities’ response to the assessment.
- The legal framework for the regulation and supervision of the financial sector has undergone significant reform.
- The National Bank of the Republic of Belarus (NBRB) fulfills its responsibilities of authorization, supervision, and regulation of banking institution operations through the Banking Supervision Directorate.
- The NBRB noted that the authorities continue working on the implementation of international standards of banking supervision.
Major findings and focus areas
- Principle-by-principle assessment of Belarus’s compliance with the Basel Core Principles for Effective Banking Supervision.
- Authorities’ responses to the assessment are reviewed alongside the assessment itself.
- Institutional responsibility:
- The National Bank of the Republic of Belarus (NBRB) is the supervisory authority responsible for authorization, supervision, and regulation of banking institution operations.
- The Banking Supervision Directorate is the operational unit within the NBRB that fulfills these responsibilities.
- Ongoing reform and implementation:
- The legal framework has undergone significant reform.
- Authorities continue working on the implementation of international standards of banking supervision.
Subject areas and keywords
- Subject: Bank credit; Bank supervision; Banking; Capital adequacy requirements; Credit; Financial institutions; Financial regulation and supervision; Financial services; Money; Nonbank financial institutions; Nonbank financing
- Keywords: bank auditor; Bank credit; Bank supervision; banking group; Belarusian bank; country risk; CR; Credit; credit risk; equity capital; financial condition; foreign exchange; Global; ISCR; national bank; nonbank credit; Nonbank financial institutions; Nonbank financing; ownership structure; senior management