Publication:
El Salvador Financial Sector Assessment Program Update: Basel Core Principles for Effective Banking Supervision

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dc.contributor.authorInternational Monetary Fund
dc.contributor.authorWorld Bank
dc.date.accessioned2017-08-10T21:19:47Z
dc.date.available2017-08-10T21:19:47Z
dc.date.issued2010-11
dc.description.abstractThis assessment of the Basel Core Principles (BCP) was conducted as part of the financial sector assessment program (FSAP) update evaluation of the El Salvador financial system from April 22 to May 10, 2010. The supervisory framework was assessed against the BCP methodology issued in October 2006. The assessment of compliance with each principle is made on a qualitative basis. A four-part assessment system is used: compliant; largely compliant; materially noncompliant; and noncompliant. A largely compliant assessment is given if only minor shortcomings are observed, and these are not seen as sufficient to raise serious doubts about the authority's ability to achieve the objective of that principle. A materially noncompliant assessment is given when the shortcomings are sufficient to raise doubts about the authority's ability to achieve compliance, but substantive progress has been made. A noncompliant assessment is given when no substantive progress toward compliance has been achieved. The ratings assigned during this assessment are not comparable to the ones assigned in the 2000 FSAP, as the bar to measure the effectiveness of a supervisory framework has been raised in the new methodology. This paper is structures as follows: introduction; information and methodology used for assessment; institutional and macroeconomic setting and market structure- overview; preconditions for effective bank supervision; main findings; and recommended action plan and authorities' response.en
dc.identifierhttp://documents.worldbank.org/curated/en/322591468043750707/El-Salvador-Basel-core-principles-for-effective-banking-supervision-assessment-of-compliance
dc.identifier.doi10.1596/27734
dc.identifier.urihttps://hdl.handle.net/10986/27734
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTANT
dc.subjectACCOUNTING
dc.subjectACCOUNTING STANDARDS
dc.subjectADMINISTRATIVE COSTS
dc.subjectARBITRAGE
dc.subjectASSET BASE
dc.subjectASSET CLASSIFICATION
dc.subjectASSET PORTFOLIO
dc.subjectAUDITING
dc.subjectAUTONOMY
dc.subjectBANK SUPERVISION
dc.subjectBANKING ASSETS
dc.subjectBANKING INDUSTRY
dc.subjectBANKING INSTITUTION
dc.subjectBANKING LAW
dc.subjectBANKING SECTOR
dc.subjectBANKING SUPERVISION
dc.subjectBANKING SYSTEM
dc.subjectBANKRUPTCY
dc.subjectBANKS
dc.subjectBONDS
dc.subjectCAPACITY BUILDING
dc.subjectCAPACITY CONSTRAINTS
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL BASE
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL REQUIREMENT
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCENTRAL BANK
dc.subjectCHECKS
dc.subjectCOLLATERAL
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMERCIAL REGISTRY
dc.subjectCONFLICT OF INTEREST
dc.subjectCONFLICTS OF INTEREST
dc.subjectCONFLICTS OF INTERESTS
dc.subjectCONSOLIDATED SUPERVISION
dc.subjectCONSUMER PROTECTION
dc.subjectCONVERTIBLE BONDS
dc.subjectCOOPERATIVE BANKING
dc.subjectCOOPERATIVE BANKS
dc.subjectCORPORATE GOVERNANCE
dc.subjectCOUNTRY RISK
dc.subjectCREDIBILITY
dc.subjectCREDIT CARD
dc.subjectCREDIT CARDS
dc.subjectCREDIT INFORMATION
dc.subjectCREDIT INSTITUTION
dc.subjectCREDIT RISK
dc.subjectCREDIT RISK MANAGEMENT
dc.subjectCREDIT RISKS
dc.subjectCREDITWORTHINESS
dc.subjectCUSTODY
dc.subjectDEBT
dc.subjectDEBTOR
dc.subjectDEBTORS
dc.subjectDEBTS
dc.subjectDECENTRALIZATION
dc.subjectDEFAULTS
dc.subjectDEMAND FOR CREDIT
dc.subjectDEPOSIT
dc.subjectDEPOSIT INSURANCE
dc.subjectDEPOSITORS
dc.subjectDEPOSITS
dc.subjectDERIVATIVES
dc.subjectDEVELOPMENT BANK
dc.subjectDOMESTIC BANKS
dc.subjectDOMESTIC CREDIT
dc.subjectDUE DILIGENCE
dc.subjectECONOMIC GROWTH
dc.subjectEQUITY FUND
dc.subjectEXTERNAL AUDITORS
dc.subjectFACE VALUE
dc.subjectFINANCIAL ASSETS
dc.subjectFINANCIAL CONGLOMERATES
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INFORMATION
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL STATEMENTS
dc.subjectFINANCIAL STRENGTH
dc.subjectFINANCIAL SYSTEM
dc.subjectFOREIGN BANK
dc.subjectFOREIGN BANKS
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN LOANS
dc.subjectFOREIGN PENETRATION
dc.subjectHOST COUNTRY
dc.subjectHUMAN RESOURCE
dc.subjectHUMAN RESOURCES
dc.subjectILLIQUIDITY
dc.subjectINDIVIDUAL ACCOUNTS
dc.subjectINDIVIDUAL LOANS
dc.subjectINFLATION
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE POLICY
dc.subjectINTANGIBLE
dc.subjectINTANGIBLE ASSET
dc.subjectINTANGIBLE ASSETS
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE RISK
dc.subjectINTEREST RATE RISKS
dc.subjectINTERNAL CONTROLS
dc.subjectINTERNATIONAL ACCOUNTING STANDARDS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL BANKS
dc.subjectINTERNATIONAL STANDARDS
dc.subjectISSUANCE
dc.subjectLAWS
dc.subjectLEGAL AUTHORITY
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL IMPEDIMENTS
dc.subjectLEGAL PROTECTION
dc.subjectLEGAL PROVISIONS
dc.subjectLENDER
dc.subjectLENDER OF LAST RESORT
dc.subjectLENDING BEHAVIOR
dc.subjectLETTERS OF CREDIT
dc.subjectLIABILITY
dc.subjectLIENS
dc.subjectLIQUIDITY RATIOS
dc.subjectLIQUIDITY RISK
dc.subjectLIQUIDITY RISKS
dc.subjectLITIGATION
dc.subjectLOAN
dc.subjectLOAN LOSS PROVISIONS
dc.subjectLOAN PORTFOLIO
dc.subjectLOCAL BANKS
dc.subjectMACROECONOMIC POLICIES
dc.subjectMARKET RISK
dc.subjectMARKET RISKS
dc.subjectMARKET SHARE
dc.subjectMARKET STRUCTURE
dc.subjectMINIMUM CAPITAL ADEQUACY RATIO
dc.subjectMINISTRIES OF FINANCE
dc.subjectMONETARY FUND
dc.subjectMORTGAGE
dc.subjectMORTGAGE LOANS
dc.subjectMORTGAGES
dc.subjectNONPERFORMING LOANS
dc.subjectNPL
dc.subjectOFF BALANCE SHEET
dc.subjectOFF BALANCE SHEET ITEMS
dc.subjectOFFSITE MONITORING
dc.subjectOFFSITE SUPERVISION
dc.subjectOPERATIONAL INDEPENDENCE
dc.subjectOPERATIONAL RISK
dc.subjectOPERATIONAL RISKS
dc.subjectOWNERSHIP STRUCTURE
dc.subjectOWNERSHIP STRUCTURES
dc.subjectPENSION
dc.subjectPENSION FUNDS
dc.subjectPOLITICAL UNCERTAINTY
dc.subjectPORTFOLIOS
dc.subjectPRIMARY CAPITAL
dc.subjectPRIVATE BANKS
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPROFITABILITY
dc.subjectPROVISIONING RULES
dc.subjectPRUDENTIAL REGULATION
dc.subjectPRUDENTIAL REGULATIONS
dc.subjectPRUDENTIAL REQUIREMENTS
dc.subjectPRUDENTIAL STANDARDS
dc.subjectPRUDENTIAL SUPERVISION
dc.subjectPUBLIC CALL
dc.subjectRATING AGENCIES
dc.subjectRECAPITALIZATION
dc.subjectREGIONAL BANKS
dc.subjectREGULATORY FRAMEWORK
dc.subjectREMITTANCES
dc.subjectREORGANIZATION
dc.subjectREPAYMENT
dc.subjectREPAYMENT CAPACITY
dc.subjectREPO
dc.subjectRESERVE
dc.subjectRESERVE FUND
dc.subjectRESERVES
dc.subjectRETAINED EARNINGS
dc.subjectRETURN
dc.subjectRETURN ON ASSETS
dc.subjectRISK AVERSION
dc.subjectRISK MANAGEMENT
dc.subjectRISK MANAGEMENT POLICIES
dc.subjectRISK MANAGEMENT STRATEGIES
dc.subjectRISK PROFILE
dc.subjectRISK PROFILES
dc.subjectRISK WEIGHTED ASSETS
dc.subjectSALES OF ASSETS
dc.subjectSAVINGS
dc.subjectSECURITIES
dc.subjectSEIZURE
dc.subjectSHAREHOLDER
dc.subjectSHAREHOLDERS
dc.subjectSOLVENCY
dc.subjectSOVEREIGN RISK
dc.subjectSTATE BANKS
dc.subjectSTOCK EXCHANGE
dc.subjectSTOCK MARKET
dc.subjectSUBORDINATED DEBT
dc.subjectSUBSIDIARIES
dc.subjectSUBSIDIARY
dc.subjectSUPERVISION OF BANKS
dc.subjectSUPERVISORY AGENCY
dc.subjectSUPERVISORY AUTHORITY
dc.subjectSUPERVISORY FRAMEWORK
dc.subjectSUPERVISORY POWERS
dc.subjectSUPPLEMENTARY CAPITAL
dc.subjectTRADE FLOWS
dc.subjectTRANSFER RISKS
dc.subjectTRANSPARENCY
dc.subjectUNDERLYING ASSET
dc.subjectVALUATION
dc.subjectVALUATIONS
dc.subjectWAREHOUSES
dc.subjectWARRANTS
dc.titleEl Salvador Financial Sector Assessment Program Updateen
dc.title.subtitleBasel Core Principles for Effective Banking Supervisionen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleEl Salvador Financial Sector Assessment Program Update
okr.date.disclosure2013-07-08
okr.date.doiregistration2025-05-07T10:39:09.488087Z
okr.doctypeEconomic & Sector Work::Financial Sector Assessment Program
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/322591468043750707/El-Salvador-Basel-core-principles-for-effective-banking-supervision-assessment-of-compliance
okr.guid322591468043750707
okr.identifier.externaldocumentum000442464_20130708092218
okr.identifier.internaldocumentum17972594
okr.identifier.report79191
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/322591468043750707/pdf/791910WP0ElSal0Box0377369B00Public0.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.countryEl Salvador
okr.sectorFinance
okr.themeRule of law :: Legal institutions for a market economy
okr.themeFinancial and private sector development :: Regulation and competition policy
okr.themeFinancial and private sector development :: Standards and financial reporting
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicFinance and Financial Sector Development::Financial Intermediation
okr.topicFinance and Financial Sector Development::Financial Regulation & Supervision
okr.topicGovernance::Governance and the Financial Sector
okr.unitFinancial Sector Assessment Prog (FFSFP)
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