Lao People’s Democratic Republic: Technical Assistance Report-The Development of Risk-Based Supervision
IMF Staff Country Reports, May 31, 2018
Source details
- Canonical URL
- Lao People’s Democratic Republic: Technical Assistance Report-The Development of Risk-Based Supervision
Other formats
Bibliographic details
- Published: May 31, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484358849.002
Summary findings
- The report discusses the main findings and recommendations made by the IMF Mission regarding the development of risk-based supervision (RBS) in the Lao People’s Democratic Republic.
- Over the past few months, the Bank of Lao has made great strides in preparing for implementation of risk-based supervision of banks.
- A new supervisory manual reflecting key principles of risk-based approach to supervision has been drafted.
- The new draft template of the Report of Onsite Examination is broadly in line with the past technical assistance recommendations.
- Some improvements could support the analysis of trends over longer periods of time, and emphasize exceptions to prudential and/or regulatory norms.
- Planning an onsite examination using new RBS methods is a logical next step.
Key recommendations and policy implications
- Continue implementation of the new supervisory manual that reflects key principles of the risk-based approach to supervision.
- Finalize and adopt the new draft template of the Report of Onsite Examination, incorporating improvements to:
- Support the analysis of trends over longer periods of time.
- Emphasize exceptions to prudential and/or regulatory norms.
- Plan and execute an onsite examination using new RBS methods as a next step in operationalizing RBS.
Implementation progress and institutional focus
- Institution highlighted: Bank of Lao (BoL).
- Organizational elements referenced: BSD, BSD manager, BSD staff.
- Tools and methods referenced: RBS method, RBS onsite examination procedure, ISCR, CR.
- The report situates RBS within broader supervisory themes: Bank legislation, Bank supervision, Banking, Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Financial soundness indicators, Foreign banks.
Publication and metadata
- Publication date: May 31, 2018
- Pages: 18
- Volume: 2018
- Issue: 139
- Series: Country Report No. 2018/139
- DOI: https://doi.org/10.5089/9781484358849.002
- Stock No: 1LAOEA2018002
- ISBN: 9781484358849
- ISSN: 1934-7685
- Format references: IMF Staff Country Reports
Lao People’s Democratic Republic: Technical Assistance Report-The Development of Risk-Based Supervision (IMF Staff Country Reports, 2018, 139).
Content in this bundle
- Country Report