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El Salvador :, Financial System Stability Assessment

Abstract
This paper presents an assessment of financial sector stability in El Salvador. The findings reveal that the financial system of El Salvador was resilient in the face of the global shocks and political uncertainty that took a toll on the economy in 2009. The new stand-by arrangement with the IMF bolstered confidence in the new authority’s policies and eased concern over the limited lender-of-last-resort capacity of the central bank. Despite the adverse economic environment of 2009, banks’ capitalization and liquidity remain high, and stress tests indicate that most banks could withstand severe shocks. Regulated nonbanks are also sound, but pension funds’ poor profitability could pose a problem in the longer term
Table Of Contents
Cover; Contents; Glossary; Executive Summary; Main Recommendations of the 2010 FSAP Update; I. Macroeconomic Developments; II. Financial Sector Structure and Developments; III. Banking Soundness and Stability; A. Financial Soundness Indicators and Risk Exposures; B. Stress Tests; IV. Financial Sector Oversight; A. Banking; B. Nonbank Intermediaries; C. Cross-Sectoral and Cross-Border Issues; D. Overhaul of the Supervisory Landscape; V. Safety nets; A. Systemic Liquidity and Emergency Liquidity Assistance; B. Problem Bank Resolution and Deposit Insurance
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (66 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781475586107

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