## Brazil: Financial Sector Assessment Program-Detailed Assessment of Observance – Basel Core Principles for Effective Banking Supervision

_IMF Staff Country Reports, November 30, 2018_

## Source details

**Canonical URL:** [Brazil: Financial Sector Assessment Program-Detailed Assessment of Observance – Basel Core Principles for Effective Banking Supervision](https://www.imf.org/en/publications/cr/issues/2018/11/30/brazil-financial-sector-assessment-program-detailed-assessment-of-observance-basel-core-46412)

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## Bibliographic details
- Published: November 30, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484387504.002

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### Supervisory commitment and strategic orientation
- The Central Bank of Brazil (BCB) has shown a determined commitment to enhancing its standards and practices of banking supervision.
- Changes in the thinking and practices of the BCB’s supervision are not limited to responses to the demands of the international regulatory reform agenda.
- The BCB has been guided by the principle of integration in:
  - expectations for its own internal operations, and
  - standards it expects financial institutions to meet in governing their own risks and activities.

### Key developments and analytical approaches
- The BCB conducts innovative and challenging work in contagion analysis at the systemic level.
- The contagion analysis perspective is being embedded into prudential work at the firm level to assess contagion risk within individual institutions.
- Developments exemplifying enhanced supervisory capacity include:
  - boosting staff levels in conduct supervision,
  - introducing a form of twin peaks,
  - implementing contagion risk analysis, and
  - adopting a prudential conglomerate approach.

### Thematic focus areas
- Areas of supervisory relevance highlighted by the assessment include:
  - Banking,
  - Credit risk,
  - Financial regulation and supervision,
  - Financial sector policy and analysis,
  - Liquidity risk,
  - Market risk,
  - Operational risk,
  - Stress testing.

*International Monetary Fund. "Brazil: Financial Sector Assessment Program-Detailed Assessment of Observance – Basel Core Principles for Effective Banking Supervision", November 30, 2018.*

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## Content in this bundle

- **Country Report**
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_Source: https://www.imf.org/en/publications/cr/issues/2018/11/30/brazil-financial-sector-assessment-program-detailed-assessment-of-observance-basel-core-46412_