Financial Sector Assessment : Guatemala

This Financial Sector Assessment (FSA) summarizes the findings of a joint World Bank -International Monetary Fund Financial Sector Assessment Program (FSAP) team which visited Guatemala from October 27 to November 10, 2005 to update the 2001 FSAP report. It contains information as of late 2005. In spite of major progress since 2001, the update found the Guatemalan financial system still faces four main stability and development challenges: (i) to improve the transparency and quality of information of the financial and economic systems; (ii)to strengthen the regulatory framework of the financial system and its implementation; (iii) to move supervision towards a risk-based approach; and (iv) to complete financial markets to diversify the system and enhance intermediation and access. Each of these challenges is discussed in depth in the report.

Bibliographic Details

Main Author:	World Bank
Format:	Financial Sector Assessment Program (FSAP) biblioteca
Language:	English en_US
Published:	Washington, DC 2007-03
Subjects:	ACCOUNTABILITY, ACCOUNTING, ACCOUNTING MANUALS, ACCOUNTING PRACTICES, ACCOUNTING PRINCIPLES, ARBITRAGE, ASSET SALES, AUDITING, AUTONOMY, BANKING LAW, BANKING SECTOR, BANKING SUPERVISION, BANKING SYSTEM, BANKS, BONDING, CAPITAL ADEQUACY, CAPITAL ADEQUACY RATIOS, CAPITAL EXPENDITURES, CAPITAL INFLOWS, CAPITAL MARKETS, CAPITALIZATION, CENTRAL AMERICA, CENTRAL AMERICAN, CENTRAL BANK, CLEARING HOUSE, CLEARINGHOUSE, CONSOLIDATED SUPERVISION, CONSOLIDATION, COOPERATIVES, CORPORATE SECTOR, COVERAGE, CREDIT RISK, CREDIT RISK MANAGEMENT, CREDIT RISKS, DEBT, DEFICITS, DEPOSIT INSURANCE, DEPOSITORS, DEPOSITS, EXTERNAL AUDITORS, FACTORING, FINANCE COMPANIES, FINANCE COMPANY, FINANCIAL CONGLOMERATES, FINANCIAL INFORMATION, FINANCIAL INTERMEDIARIES, FINANCIAL MARKETS, FINANCIAL POLICIES, FINANCIAL RATIOS, FINANCIAL REPORTING, FINANCIAL SERVICES, FINANCIAL SUPERVISION, FOREIGN BANKS, FOREIGN EXCHANGE, HOLDING COMPANIES, HOUSING, HOUSING FINANCE, INCOME GROUPS, INFLATION, INSOLVENCY, INSURANCE, INSURANCE COMPANIES, INSURANCE CONTRACTS, INSURANCE INDUSTRY, INSURANCE LAW, INSURANCE PRODUCTS, INTEREST RATES, INTERNATIONAL RESERVES, LAWS, LEGAL FRAMEWORK, LEGISLATION, LENDER OF LAST RESORT, LIFE INSURANCE, LIQUIDITY, LOAN CLASSIFICATION, MACROECONOMIC CONDITIONS, MERGERS, MICROFINANCE, MICROINSURANCE, MONETARY POLICIES, MONETARY POLICY, MORTGAGES, MULTILATERAL NETTING, NONBANK FINANCIAL INSTITUTIONS, NONPERFORMING LOANS, PAYMENT SYSTEMS, PENALTIES, PENSION FUNDS, PENSION SCHEMES, PRESS RELEASES, PROFITABILITY, PRUDENTIAL REGULATIONS, REAL SECTOR, REGULATORY FRAMEWORK, RESERVE REQUIREMENTS, RETIREMENT, RISK MANAGEMENT, SAVINGS, SECURITIES, SOCIAL SECURITY, SOLVENCY, STABILIZATION, SUPERVISORY AGENCIES, SUPERVISORY FRAMEWORK, TRADE SHOCKS, TRADING, TRANSPARENCY, TRUST FUNDS,
Online Access:	http://documents.worldbank.org/curated/en/2007/03/7510943/guatemala-financial-sector-assessment-update http://hdl.handle.net/10986/8015
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