United States : Financial Sector Assessment Program-Technical Note-Banking Supervision and Regulation

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

August 10, 2020

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This technical note 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). The FSAP reviewed the progress achieved in addressing the main weaknesses previously identified and the main supervisory and regulatory developments since then. The key focus are the steps taken by the U.S. authorities in recent years 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. The FSAP recommendations are meant to be considered once the impact of the pandemic on the economy and the banking sector becomes clearer.

Series:

Country Report No. 2020/248

Subject:

Frequency:

regular

English

Publication Date:

August 10, 2020

ISBN/ISSN:

9781513552934/1934-7685

Stock No:

1USAEA2020008

Format:

Paper

Pages:

77

Please address any questions about this title to publications@imf.org