United States: Financial Sector Assessment Program-Technical Note-Banking Supervision and Regulation
IMF Staff Country Reports, August 10, 2020
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- United States: Financial Sector Assessment Program-Technical Note-Banking Supervision and Regulation
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Bibliographic details
- Published: August 10, 2020
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513552934.002
Summary
- Leverages on the 2015 FSAP which concluded that the United States (U.S.) had a high degree of compliance with the Basel Core Principles (BCPs).
- Reviews progress in addressing the main weaknesses previously identified and the main supervisory and regulatory developments since 2015.
- Key focus: steps taken by U.S. authorities to recalibrate and further tailor the banking regulatory and supervisory framework and the role of stress tests in the supervision process.
- The FSAP team has not covered the impact of COVID-19 outbreak on banks supervision and has not discussed with authorities the related policy response.
- FSAP recommendations are meant to be considered once the impact of the pandemic on the economy and the banking sector becomes clearer.
Major themes and focus areas
- Basel Core Principles (BCPs) assessment and follow-up since 2015.
- Recalibration and tailoring of the banking regulatory and supervisory framework.
- Role and use of stress tests in supervisory processes.
- Specific supervisory and regulatory developments in recent years.
Scope and limitations
- The technical note does not analyze the impact of the COVID-19 outbreak on bank supervision.
- The FSAP team did not discuss pandemic-related policy responses with authorities.
- Recommendations are conditional on clearer evidence of the pandemic’s impact on the economy and banking sector.
Keywords and subjects (as listed)
- Subjects: Banking, Basel Core Principles, Countercyclical capital buffers, Financial regulation and supervision, Financial sector policy and analysis, Liquidity requirements, Market risk, Operational risk, Stress testing
- Keywords: bank holding company, Basel Core Principles, capital framework, capital requirement, Category IV, Countercyclical capital buffers, CR, Global, ISCR, Liquidity requirements, Market risk, Operational risk, savings and loan, state bank, Stress testing
Publication metadata and key statistics
- Pages: 77
- Volume: 2020
- Issue: 248
- Series: Country Report No. 2020/248
- DOI: https://doi.org/10.5089/9781513552934.002
- Stock No: 1USAEA2020008
- ISBN: 9781513552934
- ISSN: 1934-7685
- Publication date on landing page: August 10, 2020
International Monetary Fund. Monetary and Capital Markets Department "United States: Financial Sector Assessment Program-Technical Note-Banking Supervision and Regulation", IMF Staff Country Reports 2020, 248 (2020), accessed 9/9/2026, https://doi.org/10.5089/9781513552934.002
Content in this bundle
- Executive Summary and Key Recommendations