Modernizing Bank Regulation in Support of Financial Deepening: The Case of Uruguay

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Price:  $18.00

Author/Editor: Mario Mansilla, Gustavo Adler, Torsten Wezel
Release Date: © September, 2009
ISBN : 978-1-45187-346-7
Stock #: WPIEA2009199
English
Stock Status: Available

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Description

This paper studies how Uruguay's regulatory framework was gradually strengthened to address shortcomings identified during the 2002-03 crisis, to align with international standards and, more recently, to deal with cyclical pressures resulting in an acceleration of bank lending. In particular, regulatory reforms pertaining to loan classification and provisioning as well as liquidity requirements are reviewed and evaluated against best practices. The paper concludes that prudential regulation in Uruguay now generally conforms to high standards while also embracing innovative elements such as dynamic provisioning.

Taxonomy

Bank regulations , Banks and banking , Business cycles , Economic development , Financial crisis , Financial institutions and markets , International financial system , Loans




More publications in this series: Working Papers


More publications by: Mario Mansilla ; Gustavo Adler ; Torsten Wezel