General Information & Client Services
  • Americas: +1.212.553.1653
  • Asia: +852.3551.3077
  • China: +86.10.6319.6580
  • EMEA: +44.20.7772.5454
  • Japan: +81.3.5408.4100
Media Relations
  • New York: +1.212.553.0376
  • London: +44.20.7772.5456
  • Hong Kong: +852.3758.1350
  • Tokyo: +813.5408.4110
  • Sydney: +61.2.9270.8141
  • Mexico City: +001.888.779.5833
  • Buenos Aires: +0800.666.3506
  • São Paulo: +0800.891.2518
August 31, 2017

FSB published a peer review examining the macro-prudential policy framework and the framework for crisis management and resolution in Argentina. The review focused on the steps taken by the Argentine authorities to implement reforms in these areas, including by following up on relevant IMF-World Bank Financial Sector Assessment Program (FSAP) recommendations and FSB initiatives. Despite the progress made, the report includes recommendations to the Argentine authorities to address the identified issues and future challenges, as macroeconomic stability is restored and the financial system develops further.

The peer review finds that some progress has been made in recent years toward macro-prudential policy and crisis management frameworks. The Central Bank of the Republic of Argentina (BCRA) established, in 2016, a department within the Regulation Division for macro-prudential monitoring. Data used in risk analysis have been improved and efforts are ongoing to enhance the granularity of corporate sector data as well as to improve systemic risk analysis and enhance stress testing models. Commendable improvements recently in the quality of macroeconomic data have provided a solid platform for this analysis. The authorities have a broad range of banking sector tools at their disposal for macro-prudential purposes, including certain innovative tools introduced in response to the lessons from previous crises (for example, restrictions on banks’ lending in foreign currency). The authorities have also submitted to Congress a new Capital Markets Law that provides an explicit financial stability mandate to the National Securities Commission and a more robust framework for financial market infrastructures.

 

Some, albeit limited, progress has been made in developing the crisis management and resolution framework to address the FSAP recommendations and incorporate elements of the FSB Key Attributes of Effective Resolution Regimes for Financial Institutions. Recovery planning is underway for most domestic systemically important banks (D-SIBs) and the resolution regime benefits from a well-funded deposit insurance fund. The draft Capital Markets Law includes a proposal to introduce powers to temporarily stay early termination rights.


Related Links

Peer Review (PDF)

FSB Key Attributes

Keywords: Americas, Argentina, Banking, Securities, Peer Review, Macro-Prudential Policy, Resolution Framework, FSAP, FSB

Related Insights
News

CBB Proposes and Finalizes Rulebook Modules for Banks in November 2018

CBB announced the issuance of new leverage ratio requirements under Module CA (Part 3) for Islamic (Chapter CA-10) and conventional bank licensees (Chapter CA-15).

November 15, 2018 WebPage Regulatory News
News

OFR on Financial Stability Risks in Its 2018 Annual Report to Congress

OFR released its 2018 Annual Report to Congress, which examines risks to the financial stability in the United States.

November 15, 2018 WebPage Regulatory News
News

IAIS Publishes Drafts of Revised ICP 8, ICP 15, ICP 16, and ICP 20

IAIS published the drafts of revised Insurance Core Principles on Public Disclosure (ICP 20), Investments (ICP 15), Enterprise Risk Management for Solvency Purposes (ICP 16), and Risk Management and Internal Controls (ICP 8), along with a revised draft of the glossary on enterprise risk management (ERM).

November 14, 2018 WebPage Regulatory News
News

MAS Amends Notice 637 on Capital Adequacy Requirements in Singapore

MAS published the final, revised Notice 637 on the risk-based capital adequacy requirements in Singapore.

November 13, 2018 WebPage Regulatory News
News

ESMA Updates Q&A on Implementation of CSD Regulation and MAR

ESMA updated questions and answers (Q&A) documents on the implementation of the Central Securities Depository (CSD) Regulation and Market Abuse Regulation (MAR).

November 12, 2018 WebPage Regulatory News
News

FSB Finalizes and Publishes the Cyber Lexicon

FSB published a cyber lexicon, following the public consultation earlier this year.

November 12, 2018 WebPage Regulatory News
News

SRB Updates Liability Data Reporting Template for 2019

SRB published version 2.7.1 of the Liability Data Reporting (LDR) Template.

November 12, 2018 WebPage Regulatory News
News

ECB to Conduct Comprehensive Assessment of Six Bulgarian Banks

ECB will undertake a comprehensive assessment of six Bulgarian banks. The exercise, comprising an asset quality review and a stress test, follows Bulgaria’s submission of a request to establish close cooperation with ECB on July 18, 2018.

November 12, 2018 WebPage Regulatory News
News

SRB Publishes the Work Program for 2019

SRB published the work program for 2019, which sets out its priorities and core tasks for the year ahead.

November 12, 2018 WebPage Regulatory News
News

IMF Publishes Reports on the 2018 Article IV Consultation with Chile

IMF published its staff report and selected issues report under the 2018 Article IV consultation with Chile.

November 09, 2018 WebPage Regulatory News
RESULTS 1 - 10 OF 2211