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

Author/Editor: Mynor Meza ; Fernando L Delgado
Publication Date: December 01, 2011
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
Summary: 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. Nonetheless, compared with the larger Latin American and selected industrial countries, there is still important scope for CAPDR to enhance financial supervision and regulation. Based on two surveys, and the analysis of the Basel Core Principles, the paper determines that some weaknesses exist in risk-based supervision, and that macroprudential measures have scarcely been deployed.
Series: Working Paper No. 11/299
Subject(s): Bank supervision | Banking sector | Basel Core Principles | Financial stability | Latin America | Macroprudential Policy

Author's Keyword(s): Financial regulation | financial supervision | Basel Core Principles | Basel III | macroprudential policy | Central America | Latin America
Publication Date: December 01, 2011
ISBN/ISSN: 9781463927851/1018-5941 Format: Paper
Stock No: WPIEA2011299 Pages: 29
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