IMF Staff Country Reports

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

Publication Date:

September 2, 2011

Electronic Access:

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Summary:

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.

Series:

Country Report No. 2011/273

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