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

This report is a detailed assessment of Brazil'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...

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Bibliografiska uppgifter
Institutionell upphovsman: International Monetary Fund
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 2012.
Serie:IMF Staff Country Reports; Country Report ; No. 2012/207
Länkar:Full text available on IMF
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520 3 |a This report is a detailed assessment of Brazil'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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