Financial Sector Assessment Program : Brazil - Basel Core Principles for Effective Banking Supervision

Brazil has a well-defined banking supervision process supported by a legal framework that grants the Banco Central do Brasil (BCB) broad enforcement powers for corrective action and weak bank resolution. This assessment of the Basel Core Principles (BCP) for effective supervision was conducted from February 27 through March 20, 2012. As agreed with the authorities, the supervisory framework was assessed against the BCP methodology issued by the Basel Committee on Banking Supervision (BCBS) in October 2006. In self-assessment the authorities addressed both essential and additional criteria and the assessors based their conclusions on compliance with both criteria. The last BCP assessment was conducted in 2002, however, the grading is not comparable to this assessment as the principles and methodology were revised in 2006. Although the BCB operates on an independent mode, there are amendments to Law 4595-1964 (banking law) that will aid in protecting the continuation of the operational independence.

Bibliographic Details

Main Authors:	International Monetary Fund, World Bank
Language:	English en_US
Published:	World Bank, Washington, DC 2012-04
Subjects:	ACCESS TO BANK, ACCESS TO BANKS, ACCOUNTABILITY, ACCOUNTING, ACCOUNTING PRINCIPLES, AFFILIATES, ASSET MANAGEMENT, ASSET QUALITY, AUDIT COMMITTEES, AUDIT STANDARDS, AUDITING, AUDITORS, AUTONOMY, BALANCE SHEET, BALANCE SHEETS, BANK FOR INTERNATIONAL SETTLEMENTS, BANKING ASSETS, BANKING INDUSTRY, BANKING INSTITUTIONS, BANKING LAW, BANKING LAWS, BANKING SECTOR, BANKING SECTORS, BANKING SUPERVISION, BANKING SYSTEM, BANKRUPTCY, BANKS, BONDS, BOOK VALUE, BROKER, BROKERAGE, BROKERAGE FIRMS, BROKERS, CAPITAL ADEQUACY, CAPITAL ADEQUACY RATIOS, CAPITAL BASE, CAPITAL MARKETS, CAPITAL REQUIREMENTS, CAPITALIZATION, CASH FLOW, CENTRAL BANK, CENTRAL BANKING, CHECK CLEARING, CHECKS, CIVIL SERVICE, CLEARING HOUSES, CLEARINGHOUSES, COLLECTION PROCESS, COMMERCIAL BANK, COMMERCIAL BANKS, COMMERCIAL LOANS, CONFLICTS OF INTEREST, CONSOLIDATED SUPERVISION, CONSOLIDATION, CORPORATE GOVERNANCE, CORPORATE LAW, CORPORATE SECURITIES, COUNTRY RISK, CREDIT COOPERATIVES, CREDIT GUARANTEE, CREDIT INSTITUTIONS, CREDIT MARKET, CREDIT RECORDS, CREDIT RISK, CREDIT UNIONS, CREDITORS, CURRENCY, CUSTODY, DEBT, DEBT COLLECTION, DEMAND DEPOSITS, DEPOSIT, DEPOSIT INSURANCE, DEPOSIT TAKING INSTITUTIONS, DEPOSITORS, DEPOSITS, DERIVATIVES, DEVELOPMENT BANKS, DOMESTIC BANKS, EMPLOYMENT, ENFORCEMENT POWERS, EQUIPMENT, EQUITY CAPITAL, EXCHANGE COMMISSION, FINANCES, FINANCIAL CONGLOMERATES, FINANCIAL DISTRESS, FINANCIAL INFORMATION, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FINANCIAL INSTRUMENT, FINANCIAL PORTFOLIO, FINANCIAL SERVICES, FINANCIAL STABILITY, FINANCIAL STATEMENTS, FINANCIAL STRENGTH, FINANCIAL SUPPORT, FINANCIAL SYSTEM, FISCAL DISCIPLINE, FLEXIBLE EXCHANGE RATE, FOREIGN BANK, FOREIGN BANKS, FOREIGN CAPITAL, FOREIGN CURRENCY, FOREIGN DEBT, FOREIGN DIRECT INVESTMENT, FOREIGN EXCHANGE, FOREIGN FINANCIAL INSTITUTIONS, FUTURES, FUTURES EXCHANGE, GOVERNMENT BUDGET, GUARANTEE FUND, HOLDING, HOLDING COMPANIES, HOLDINGS, HOME LOANS, INFLATION, INFORMATION SYSTEMS, INFORMATION TECHNOLOGY, INSURANCE, INSURED DEPOSITS, INTEREST RATE, INTEREST RATE RISK, INTEREST-RATE RISK, INTERNAL CONTROLS, INTERNATIONAL ACCOUNTING STANDARDS, INTERNATIONAL BANK, INTERNATIONAL FINANCIAL INSTITUTIONS, INTERNATIONAL RESERVES, INTERNATIONAL STANDARDS, INVESTING, INVESTMENT BANKING, INVESTMENT BANKS, INVESTMENT FUNDS, INVESTMENT INSTITUTIONS, INVESTMENT PORTFOLIOS, ISSUANCE, LAWS, LEGAL FRAMEWORK, LEGAL PROTECTION, LEGISLATION, LIABILITY, LIQUIDATION, LIQUIDITY, LIQUIDITY POSITIONS, LIQUIDITY RATIO, LIQUIDITY RISK, LIQUIDITY RISKS, LOAN, MACROECONOMIC POLICIES, MACROECONOMIC POLICY, MARKET RISK, MARKET RISKS, MARKET SHARE, MARKET STRUCTURE, MATURITIES, MATURITY, MICRO CREDIT, MINIMUM CAPITAL ADEQUACY RATIO, MINIMUM CAPITAL REQUIREMENTS, MONETARY FUND, MORTGAGE, NEW ENTRANTS, OPERATIONAL INDEPENDENCE, OPERATIONAL RISK, OPERATIONAL RISKS, OWNERSHIP STRUCTURE, OWNERSHIP STRUCTURES, PENALTIES, PENSION, PENSION FUND, PENSION FUNDS, PENSIONS, POLICY CREDIBILITY, PRIVATE BANKS, PRIVATE CREDIT, PROFITABILITY, PRUDENTIAL REGULATION, PRUDENTIAL REGULATIONS, PRUDENTIAL REQUIREMENTS, PRUDENTIAL STANDARDS, PUBLIC DEBT, REGULATORY FRAMEWORK, REGULATORY PRACTICES, REGULATORY STRUCTURE, RESERVE, RESERVE ACCOUNTS, RETAINED EARNINGS, RETURN, RETURN ON EQUITY, RISK CAPITAL, RISK EXPOSURE, RISK EXPOSURES, RISK MANAGEMENT, RISK MANAGEMENT SYSTEMS, RISK PROFILE, RISK PROFILES, SAVINGS, SAVINGS BANK, SAVINGS BANKS, SECURITIES, SHAREHOLDER, SHAREHOLDERS, SOLVENCY, STATE BANKING, STOCK EXCHANGE, STOCK ISSUANCES, SUBSIDIARIES, SUBSIDIARY, SUPERVISION OF BANKS, SUPERVISORY AUTHORITIES, SUPERVISORY AUTHORITY, SUPERVISORY FRAMEWORK, SUPERVISORY POWERS, SWAPS, TAX, TAX CREDITS, TERRORISM, TIER 1 CAPITAL, TRADING, TRANSACTION, TRANSFER RISKS, TRANSPARENCY, TREASURY, TURNOVER, UNIVERSAL BANK, UNIVERSAL BANKS,
Online Access:	http://documents.worldbank.org/curated/en/2012/04/18170270/brazil-financial-sector-assessment-program https://hdl.handle.net/10986/15975
Tags:	Add Tag No Tags, Be the first to tag this record!