## Developments in Financial Supervision and the Use of Macroprudential Measures in Central America

_IMF Working Papers, December 1, 2011_

## Source details

**Canonical URL:** [Developments in Financial Supervision and the Use of Macroprudential Measures in Central America](https://www.imf.org/en/publications/wp/issues/2016/12/31/developments-in-financial-supervision-and-the-use-of-macroprudential-measures-in-central-25450)

## Other formats

- [Markdown version](/en/publications/wp/issues/2016/12/31/developments-in-financial-supervision-and-the-use-of-macroprudential-measures-in-central-25450/index.md)
- [Structured JSON version](/en/publications/wp/issues/2016/12/31/developments-in-financial-supervision-and-the-use-of-macroprudential-measures-in-central-25450/index.json)
- [Bundle manifest](/en/publications/wp/issues/2016/12/31/developments-in-financial-supervision-and-the-use-of-macroprudential-measures-in-central-25450/bundle-manifest.json)

## Bibliographic details
- Authors: Mynor Meza, Fernando L Delgado
- Published: December 1, 2011
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781463927851.001

---

### Executive summary and main findings
- Improvements in financial regulation and supervision in the Central American region (CAPDR) have strengthened financial stability.
- Prudential instruments with potential macroeconomic effects have been introduced.
- Compared with the larger Latin American and selected industrial countries, there remains important scope for CAPDR to enhance financial supervision and regulation.
- Based on two surveys and the analysis of the Basel Core Principles, the paper finds:
  - Some weaknesses exist in risk-based supervision.
  - Macroprudential measures have scarcely been deployed.

### Analysis and methodology
- Evidence sources:
  - Two surveys (unspecified in this summary).
  - Analysis of the Basel Core Principles (BCP).
- Focus areas and subject tags used in the analysis:
  - Basel Core Principles, Consolidated banking supervision, Financial regulation and supervision, Financial sector policy and analysis, Macroprudential policy instruments, Risk-based supervision.

### Implications highlighted by the paper
- CAPDR countries have made measurable progress in regulation and supervision that supports financial stability.
- There is still important scope to:
  - Enhance risk-based supervision.
  - Broaden deployment of macroprudential measures to address systemic risks.
- The assessment is comparative: CAPDR progress is positive but lags larger Latin American and selected industrial countries.

*Developments in Financial Supervision and the Use of Macroprudential Measures in Central America, IMF Working Paper No. 2011/299*

---

## Content in this bundle

- **_wp11299**
  - [_wp11299 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2011/_wp11299.pdf.md){rel="alternate" type="text/markdown"}
  - [_wp11299 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2011/_wp11299.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/wp/issues/2016/12/31/developments-in-financial-supervision-and-the-use-of-macroprudential-measures-in-central-25450_