European Parliament Library

United States :, Financial Sector Assessment Program-Detailed Assessment of Observance on the Basel Core Principles for Effective Banking Supervision

This paper discusses key findings of the Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision (BCP) on the United States. The U.S. federal banking agencies have improved considerably in effectiveness. These improvements are reflected in the high degree of compliance with BCP in this current assessment. Shortcomings have been observed, particularly in the treatment of concentration risk and large exposures, but they do not raise concerns overall about the authorities’ ability to undertake effective supervision. These shortcomings should, however, be addressed if the United States is to achieve the standards of supervisory effectiveness expected of one of the most systemically important financial systems in the world
Table Of Contents
Cover; CONTENTS; GLOSSARY; SUMMARY AND KEY FINDINGS; INTRODUCTION; A. Information and Methodology Used for Assessment; B. Institutional and Market Structure-Overview; C. Preconditions for Effective Banking Supervision; DETAILED ASSESSMENT; A. Supervisory Powers, Responsibilities and Functions; B. Prudential Regulations and Requirements; SUMMARY COMPLIANCE WITH THE BCP; RECOMMENDED ACTIONS AND AUTHORITIES COMMENTS; A. Summary of Recommended Actions; B. Authorities' Response to the Assessment
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (258 p.)
Specific Material Designation
Form Of Item

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