Brazil; Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision

This report is a detailed assessment of Brazilâ€™s compliance with the Basel Core Principles. Brazil has a well-defined banking supervision process that grants the Banco Central do Brasil (BCB) broad enforcement powers to carry out corrective actions. The licensing process has been enhanced, and considerable improvements have been implemented with regards to debt collection by the BCB. The authorities have adopted strategies to improve compliance measures. Corrective and remedial powers of supervisors have been streamlined. Consultations are under way for implementing Basel-III.

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Year of publication:	2012-07-31
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Bank supervision \| Banking sector \| Basel Core Principles \| Credit risk \| Financial Sector Assessment Program \| Reports on the Observance of Standards and Codes \| Risk management \| banking supervision \| licensing authority \| internal controls \| supervisory authority \| supervisory process \| foreign banks \| licensing process \| international standards \| risk profile \| exchange information \| money laundering \| legal entities \| accounting standards \| enforcement powers \| good faith \| risk management systems \| combating terrorism financing \| assessment process \| prudential regulation \| control structure \| international accounting standards \| criminal activities \| terrorism financing \| beneficial owners \| risk categories \| administrative liability \| legal entity \| beneficial ownership \| supervisory systems \| regulatory judgments \| financial system regulation \| financial operations \| foreign branches \| assessment criteria \| internal control systems \| secrecy laws \| money laundering requirements \| financial activity \| supervisory framework \| civil liability \| supervisory approach \| financial sector supervisors \| supervisory authorities \| false information \| technical capacity \| bank secrecy laws \| external auditing

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 12/207 10 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011243325