Panama: Assessment of Financial Sector Supervision and Regulation, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Supervision, and Securities Regulation
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This paper discusses key findings of the Assessment of Financial Sector Supervision and Regulation for Panama. The assessment of bank supervision showed a high degree of compliance with the Basel Core Principles (BCP) reflecting generally satisfactory implementation combined with an adequate legal and regulatory foundation. The supervisory and regulatory frameworks for capital markets and insurance sectors are underdeveloped. The securities law and regulations are generally effective; however, resources for securities markets oversight are insufficient, and independence is affected by unfilled positions, including a commissioner’s post.
Series:
Country Report No. 2007/066
Subject:
Anti-money laundering and combating the financing of terrorism (AML/CFT) Banking Commercial banks Crime Financial institutions Financial regulation and supervision Insurance Securities
English
Publication Date:
February 15, 2007
ISBN/ISSN:
9781451830897/1934-7685
Stock No:
1PANEA2007001
Pages:
62
Please address any questions about this title to publications@imf.org