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El Salvador :, Detailed Assessment of Compliance of the Basel Core Principles for Effective Banking Supervision

This paper presents an assessment of compliance with the Basel Core Principles for Effective Banking Supervision in El Salvador. The regulatory authority Superintendencia del Sistema Financiero (SSF) has taken a number of initiatives to strengthen and upgrade supervision. This includes, among others, a risk unit with specialized expertise and continued efforts to foster cross-border cooperation and coordination. Despite considerable efforts, for the SSF is commended for its efforts, the lack of regulation in practically all risk categories is a major impediment to further progress. The lack of standards in those areas, combined with severe shortcomings in legal protection and deficiencies in the remedial action framework for addressing minor transgressions, limits the SSF’s ability to address imprudent behavior by banks
Table Of Contents
Cover; Table of Contents; I. Summary, Key Findings, and Recommendations; Introduction; Information and methodology used for assessment; Institutional and macroeconomic setting and market structure-Overview; Preconditions for effective bank supervision; Main Findings; Tables; 1. Summary Compliance with the Basel Core Principles-Detailed; Recommended action plan and authorities' response; 2. Recommended Action Plan to Improve Compliance with the Basel; 3. Detailed Assessment of Compliance with the Basel Core Principles
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (67 p.)
Specific Material Designation
Form Of Item

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