European Parliament Library

Panama :, Assessment of Financial Sector Supervision and Regulation, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Supervision, and Securities Regulation

This paper discusses key findings of the Assessment of Financial Sector Supervision and Regulation for Panama. The assessment of bank supervision showed a high degree of compliance with the Basel Core Principles (BCP) reflecting generally satisfactory implementation combined with an adequate legal and regulatory foundation. The supervisory and regulatory frameworks for capital markets and insurance sectors are underdeveloped. The securities law and regulations are generally effective; however, resources for securities markets oversight are insufficient, and independence is affected by unfilled positions, including a commissioner’s post
Table Of Contents
Cover; Contents; Acronyms; Executive Summary; Box; 1. Summary of Key Recommendations; I. Introduction; II. Financial System Overview; A. Economic Background; B. Financial System and Regulatory Arrangements; Tables; 1. Deposit-Taking Institutions Structure; 2. Stock Market and Insurance Industry Indicators; C. Financial Soundness Indicators for the Banking System; D. Findings from Earlier Assessments; 3. Financial Soundness Indicators for Banking System; III. Main Findings and Recommendations; A. Sectoral and AML/CFT Assessments; B. Cross-Border Cooperation and Information Exchange; Annexes
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (63 p.)
Specific Material Designation
Form Of Item

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