Macroprudential Regulations in Andean Countries
The importance of having in place a financial regulatory framework that includes macro-prudential regulations was fully recognized during the recent global financial crisis. A central lesson from that episode was that relying on regulations that solely assessed the risks that financial institutions were taking on their individual balance sheets (a micro-prudential approach) was inadequate to preserve financial system stability. This policy brief deals with advances in the Andean countries regarding the implementation of macro-prudential financial regulations; that is, regulations that take into account risks at the systemic level. We focus specially on three regulatory tools: liquidity requirements, counter-cyclical capital requirements and counter-cyclical loan-loss provisioning requirements.
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Policy Briefs biblioteca |
| Language: | English |
| Published: |
Inter-American Development Bank
|
| Subjects: | Financial Crisis and Structural Adjustement, Financial Risk, Monetary Policy, Financial Policy, Financial Service, E44 - Financial Markets and the Macroeconomy, G21 - Banks • Depository Institutions • Micro Finance Institutions • Mortgages, G28 - Government Policy and Regulation, G32 - Financing Policy • Financial Risk and Risk Management • Capital and Ownership Structure • Value of Firms • Goodwill, G38 - Government Policy and Regulation, Macroprudential regulations, systemic risk, financial system, credit cycles, liquidity requirements, loan-loss provisioning, capital buffer, |
| Online Access: | http://dx.doi.org/10.18235/0008426 https://publications.iadb.org/en/macroprudential-regulations-andean-countries |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|