## Germany: Financial Sector Assessment Program: Detailed Assessment of Observance on Basel Core Principles for Effective Banking Supervision

_IMF Staff Country Reports, September 2, 2011_

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## Bibliographic details
- Published: September 2, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781463902780.002

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### Overview and principal finding
- The design of the German banking supervision framework is structurally sound, with a robust legislative and operational framework that largely complies with the Basel Core Principles for effective banking supervision (BCP).
- Various improvements to the German supervisory framework have been implemented, acting on multiple recommendations and initiating improvements in supervisory practices on the basis of lessons from the global financial crisis.
- Further efforts are needed to make fully operational the improvements initiated in light of the lessons from the global financial crisis.

### Subject areas and keywords
- Subject: Auditing, Banking, Credit risk, External audit, Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Loans, Public financial management (PFM), Stress testing
- Keywords: Auditing, business organization, business plan, business strategy, CR, credit risk, Credit risk, Europe, External audit, financial system, Global, ISCR, KWG audit, Loans, risk management, senior management, Stress testing, supervisory authority

### Analysis implications and policy stance (as stated in the report)
- The report recognizes a largely compliant supervisory framework while highlighting the need to operationalize recent improvements deriving from lessons of the global financial crisis.
- Supervisory practice enhancements have been initiated in response to multiple recommendations; the emphasis is on completing implementation to achieve full effectiveness.

*International Monetary Fund. "Germany: Financial Sector Assessment Program: Detailed Assessment of Observance on Basel Core Principles for Effective Banking Supervision", IMF Staff Country Reports 2011, 273 (2011).*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/germany-financial-sector-assessment-program-detailed-assessment-of-observance-on-basel-core-25219_