International Monetary FundWorld Bank2017-06-152017-06-152011-10https://hdl.handle.net/10986/27235The Central Bank of Argentina (BCRA) and the Superintendence of Financial Entities (SEFyC) are to be commended on their thorough supervision, their implementation of risk-based supervision, and their thorough examination process. Since the 2001-2002 crises, financial sector indicators have improved significantly and the banking system weathered well the impact of the global financial crisis, with high capital levels, the introduction of a capital buffer, and low Non-Performing Loans (NPLs). This assessment of the state of compliance with the Basel Core Principles (BCPs) in Argentina has been undertaken as part of a World Bank Observance of Standards and Codes (ROSC) mission. The assessment was conducted from May 11 to 26, 2011. It reflects the banking supervision practices of the BCRA as of the end of April 2011. The assessment is based on the following sources: (i) a complete self-assessment prepared by the BCRA; (ii) detailed interviews with the BCRA staff; (iii) review of laws, regulations, and other documentation on the supervisory framework and on the structure and development of the Argentine banking sector; and (iv) meetings with individual banks, the banking associations, the Ministry of Economy and Public Finance (MECON), external auditors, and financial think tanks. This assessment is based solely on the laws, supervisory requirements, and practices that were in place at the time it was conducted.en-USCC BY 3.0 IGOACCOUNTABILITYACCOUNTINGACCOUNTING FRAMEWORKACCOUNTING PRINCIPLESACCOUNTING RECORDSACCOUNTING STANDARDSASSET QUALITYAUDIT COMMITTEEAUDITINGAUDITSAUTONOMYBALANCE SHEETBANK ACCOUNTSBANK DEPOSITSBANK FAILUREBANKING ASSETSBANKING ASSOCIATIONSBANKING PRACTICESBANKING SECTORBANKING SECTOR ASSETSBANKING SERVICESBANKING SUPERVISIONBANKING SYSTEMBANKING SYSTEMSBANKRUPTCYBANKSBORROWERBROKERAGEBROKERAGE HOUSESCAPACITY CONSTRAINTSCAPITAL ADEQUACYCAPITAL BASECAPITAL LOANSCAPITAL MARKETCAPITAL MARKET SUPERVISIONCAPITAL MARKETSCAPITAL REQUIREMENTCAPITAL REQUIREMENTSCAPITALIZATIONCASH PAYMENTCASH TRANSACTIONSCENTRAL BANKCHECKSCLASSIFIED LOANSCOLLATERALCOMMERCIAL BANKSCOMMODITY PRICESCONSOLIDATED SUPERVISIONCONSUMER CREDITCONSUMER LOANSCONSUMER PRICE INDEXCONSUMER PROTECTIONCONTINGENCY PLANNINGCOOPERATIVE BANKSCORPORATE BORROWERSCORPORATE GOVERNANCECREDIT CARDCREDIT CARDSCREDIT COOPERATIVESCREDIT EXPANSIONCREDIT GROWTHCREDIT RISKCREDIT RISK MANAGEMENTCURRENCYCURRENCY CRISISDEBTDEPOSITDEPOSIT INSURANCEDEPOSITORDEPOSITSDOMESTIC BANKSDOMESTIC CAPITALDOMESTIC CAPITAL MARKETSDOMESTIC CREDITDUE DILIGENCEELECTRONIC BANKINGEMERGING ECONOMIESEXTERNAL AUDITORSFINANCIAL ASSETSFINANCIAL CONGLOMERATESFINANCIAL CRISISFINANCIAL INFRASTRUCTUREFINANCIAL INSTABILITYFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL INSTRUMENTSFINANCIAL MARKETSFINANCIAL SECTOR DEVELOPMENTFINANCIAL SECTOR INDICATORSFINANCIAL SERVICESFINANCIAL STABILITYFINANCIAL STATEMENTSFINANCIAL STRENGTHFINANCIAL SYSTEMFINANCIAL TRANSACTIONSFOREIGN BANKSFOREIGN CURRENCYFOREIGN CURRENCY DEPOSITSFOREIGN CURRENCY LOANSFOREIGN EXCHANGEFRAUDGUARANTEE FUNDHOLDINGHOLDINGSHOUSINGHOUSING FINANCEINDEPENDENT JUDICIARYINFLATIONINFLATION INDEXINFLATION RATEINFORMATION DISCLOSUREINSURANCEINSURANCE COMPANIESINSURANCE PREMIUMINTANGIBLE ASSETSINTEREST RATEINTEREST RATE RISKINTERNAL CONTROLSINTERNATIONAL ACCOUNTING STANDARDSINTERNATIONAL AUDITING STANDARDSINTERNATIONAL BANKINTERNATIONAL BANKSINTERNATIONAL STANDARDSINVESTMENT FUNDSINVESTMENT INSTRUMENTSINVESTMENT POLICYINVESTMENT PROJECTSINVESTOR CONFIDENCELAWSLEGAL FRAMEWORKLEGAL PROTECTIONLEGISLATIONLIQUIDITYLOANLOAN CLASSIFICATIONLOAN LOSS PROVISIONSLOANS TO INDIVIDUALSLOCAL BANKSLOCAL MARKETLONG TERM CAPITALMACROECONOMIC CONDITIONSMACROECONOMIC POLICIESMANDATESMARKET CAPITALIZATIONMARKET DISCIPLINEMARKET PLAYERSMARKET RISKMARKET STRUCTUREMATURITYMONETARY FUNDMORAL SUASIONMORTGAGEMORTGAGE BANKSMUTUAL FUNDMUTUAL FUND ASSETSMUTUAL FUNDSNATIONAL SECURITIESNATIONAL SECURITYNATIONAL TREASURYNON-PERFORMING LOANSOPEN MARKETOPEN MARKET OPERATIONSOPERATIONAL RISKOPERATIONAL RISKSOUTSTANDING DEPOSITSOVERNIGHT REPOSPAYMENT SYSTEMPAYMENT SYSTEMSPENALTIESPENSIONPENSION FUNDPENSION FUNDSPENSIONSPORTFOLIOPORTFOLIO INFLOWSPRIVATE BANKSPRIVATE CREDITPRIVATE PROPERTYPRIVATE SECTOR CREDITPRODUCTIVE INVESTMENTSPROFITABILITYPRUDENTIAL REGULATIONPRUDENTIAL REGULATIONSPRUDENTIAL REQUIREMENTSPUBLIC BANKSPUBLIC FINANCEPUBLIC INVESTMENTPUBLIC TRANSPORTREGULATORY FRAMEWORKREORGANIZATIONREPOSRESERVERESERVE REQUIREMENTSRETIREMENTRETURNRETURN ON EQUITYRISK EXPOSURESRISK MANAGEMENTSAFETY NETSAFETY NETSSAVINGSSAVINGS ACCOUNTSSECURITIES MARKETSSETTLEMENTSHAREHOLDERSSTOCK EXCHANGESTOCK EXCHANGESSTOCKSSUPERVISORY AGENCIESSUPERVISORY AUTHORITIESSUPERVISORY AUTHORITYSUPERVISORY FRAMEWORKTERM DEPOSITSTERRORISMTIME DEPOSITSTRANSFER RISKTRANSPARENCYWORKING CAPITALReportWorld Bank10.1596/27235