Title Argentina : Financial Sector Assessment Program--financial safety nets-technical note

Published Washington, D.C. : International Monetary Fund, 2016 ©2016

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Description 1 online resource (21 pages) Series IMF Country Report ; No. 16/66 IMF country report ; no. 16/66. Summary The documents related to the Financial Sector Assessment Program for the Republic of Argentina were completed in 2013. The reports were prepared by an IMF team in spring of 2013 and were discussed and finalized by the IMF's Executive Board on July 12, 2013. The assessment and recommendations included herein reflect the views of IMF staff at that time and do not apply to developments occurred since then. Argentina has a well-developed financial safety net that has provided timely support to essed institutions, but the system could be further strengthened. Although the emergency liquidity assistance (ELA) facilities for banks are comprehensive, the Banco Central de la República de Argentina (BCRA) should work with other supervisors to monitor potential liquidity risks outside its regulatory perimeter. The BCRA could strengthen crisis management preparedness by developing contingency planning for implementation in times of systemic crisis. Plans would address options to: ensure emergency back-up funding for the deposit insurance system, clarify extraordinary actions that may be implemented for prompt resolution of institutions in case of a systemic crisis, and address liquidity needs outside the BCRA current scope. A high-level systemic risk monitoring committee that included all relevant institutions would facilitate the contingency planning process Notes "February 2016." "June 1, 2013; Prepared by Monetary and Capital Markets Department"--Page 2 of pdf Online resource; title from pdf title page (IMF.org website, viewed March 28, 2016) Subject International Monetary Fund -- Argentina SUBJECT International Monetary Fund. fast (OCoLC)fst00556666 Subject Liquidity (Economics) Banks and banking, Central -- Argentina Financial institutions -- Argentina Banks and banking, Central. Financial institutions. Liquidity (Economics) Argentina. Form Electronic book Author International Monetary Fund, issuing body. International Monetary Fund. Monetary and Capital Markets Department, author. ISBN 1498391966 9781498391962 ISSN 1934-7685

Other Titles Financial Sector Assessment Program--financial safety nets-technical note Title on page 2 of pdf: Argentina, financial sector assessment program, technical note, financial safety net

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