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

December 14, 2018

Preview Citation

Format: Chicago

Peru: Financial Sector Assessment Program-Detailed Assessment of Observance - Basel Core Principles for Effective Banking Supervision, (USA: International Monetary Fund, 2018) accessed September 20, 2024

Summary

The overall quality of Peru’s supervisory approach and regulation of the banking sector is strong. Some areas for enhancement remain. A key area that needs strengthening relates to the powers and regulatory framework for consolidated and cross-border supervision. The FSAP undertook a full graded Basel Core Principles (BCP) assessment of the essential criteria. The 2011 BCP update assessment found that bank regulation and supervision was of high quality and no principles were scored non-compliant or materially non-compliant. The current assessment shows that the SBS has maintained and further enhanced its regulatory and supervisory framework.

Subject: Corporate governance, Credit risk, Economic sectors, Financial regulation and supervision, International organization, Liquidity risk, Market risk, Monetary policy, Operational risk

Keywords: Business strategy, Corporate governance, Country risk, Credit risk, Credit risk, Financial system, Global, Liquidity risk, Market risk, Operational risk, Senior management

Publication Details

Pages:

260
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/366
Stock No:

1PEREA2018003
ISBN:

9781484390139
ISSN:

1934-7685

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