Modernizing Bank Regulation in Support of Financial Deepening: The Case of Uruguay
AbstractThis 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.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 09/199.
Date of creation: 01 Sep 2009
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This paper has been announced in the following NEP Reports:
- NEP-ACC-2009-10-10 (Accounting & Auditing)
- NEP-ALL-2009-10-10 (All new papers)
- NEP-BAN-2009-10-10 (Banking)
- NEP-RMG-2009-10-10 (Risk Management)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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""Did the Basel Accord Cause a Credit Slowdown in Latin America?”,"
Journal of LACEA Economia,
LACEA - LATIN AMERICAN AND CARIBBEAN ECONOMIC ASSOCIATION.
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- International Monetary Fund, 2000. "Loan Review, Provisioning, and Macroeconomic Linkages," IMF Working Papers 00/195, International Monetary Fund.
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