Summary
Strengthening bank supervision. Issues for the coming decade.
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Extract
Banking Supervision
Countries in Latin America and the Caribbean, like other emerging markets, have experienced banking system difficulties that have hampered growth and generated fiscal costs as high as 10 to 20 percent of GDP and even more. Many countries have improved their banking systems, but further reform is needed.
One reason banking crises have typically had a stronger adverse impact in Latin America and the Caribbean than in the industrial countries is that banks usually play a much more important role as financial intermediaries in the former. In many countries in the region, insurance companies and priv...See the full content of this document
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