Global Financial Regulatory Reform: Implications for Latin America and the Caribbean (LAC)

July 21, 2009

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Robert Rennhack. Global Financial Regulatory Reform: Implications for Latin America and the Caribbean (LAC), (USA: International Monetary Fund, 2009) accessed November 8, 2024

Summary

The Latin America and Caribbean (LAC) region has weathered the global financial crisis reasonably well so far, although tighter global financial conditions began to take their toll on trade, capital flows and economic growth in late 2008. This resilience reflects the reforms put in place by many countries over the past decade to strengthen financial supervision and adopt sound macroeconomic policies. Building on this progress, the region’s financial sector reform agenda now aims at further improvements, including steps aiming to improve compliance with the Basel Core Principles of Banking Supervision and to broaden and deepen domestic financial markets.

Subject: Asset and liability management, Banking, Capital adequacy requirements, Credit, Financial regulation and supervision, Financial sector stability, Foreign banks, Liquidity, Money

Keywords: Balance sheet, Bank affiliate, Bank mortgage lender, Banking system, Bank-risk indicator, Capital adequacy requirements, Capital market, Caribbean, Central America, Commercial paper, Credit, Currency swap, Financial activity, Global, Lender of last resort, Liquidity, Mortgage lender, Parent bank, Preferred shares, Repurchase agreement, Reverse repo, SPN

Publication Details

Pages:

42
Volume:

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DOI:

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Issue:

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Series:

Staff Position Note No. 2009/019
Stock No:

SPNEA2009019
ISBN:

9781462378791
ISSN:

2617-6742

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