IMF Staff Country Reports

Myanmar: Technical Assistance Report-Banking Supervision and Regulation

June 8, 2020

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Myanmar: Technical Assistance Report-Banking Supervision and Regulation, (USA: International Monetary Fund, 2020) accessed September 18, 2024

Summary

At the request of the Central Bank of Myanmar (CBM), the IMF’s Monetary and Capital Markets Department, visited Yangon for a series of missions in 2018 and early 2019 on banking supervision. The objectives of the work were to support the CBM in the development of bank regulation and supervision, its introduction of a more risk-based approach to supervision. The Guide to Risk-Based Supervision sets out approaches to risk assessment and risk mitigation based on international practices. The key risks identified in the Myanmar context include legal, regulatory and reputational risk, strategic risk and group and related parties’ risk as well as credit, market, operational, and liquidity risks. The CBM is implementing the new approach over the period until 2020. While perfecting a complete risk-based approach will take years, the CBM is committed to implementation and is already undertaking risk assessments using the new risk matrix tool as examinations come due.

Subject: Bank risk management, Bank supervision, Banking, Financial institutions, Financial regulation and supervision, Foreign banks, Labor, Revenue administration, Risk mitigation in revenue administration, Risk-based supervision

Keywords: Bank risk management, Bank supervision, CAMEL rating guide, Capital adequacy, CBM, CR, Enforcement power, FISD, FISD review staff number, FISD staff, Foreign banks, ISCR, Offsite supervision, Onsite supervision unit, Parent bank development, Risk assessment, Risk management, Risk mitigation in revenue administration, Risk-based supervision, Supervision, Supervision framework, Supervision guide, Supervision process

Publication Details

  • Pages:

    22

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2020/184

  • Stock No:

    1MMREA2020004

  • ISBN:

    9781513546292

  • ISSN:

    1934-7685