Faithin Omaha eBook Collection

Download or read book Modernizing Bank Regulation in Support of Financial Deepening written by Mr.Mario Mansilla and published by International Monetary Fund. This book was released on 2009-09-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 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.