Modernizing Bank Regulation in Support of Financial Deepening The Case of Uruguay

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, r...

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Bibliographic Details
Main Author: Wezel, Torsten
Other Authors: Adler, Gustavo, Mansilla, Mario
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2009
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Mortgages 
653 |a Value of Firms 
653 |a Goodwill 
653 |a Depository Institutions 
653 |a Industries: Financial Services 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a State supervision 
653 |a Loans 
653 |a Finance 
653 |a Financial Risk and Risk Management 
653 |a Credit risk 
653 |a Liquidity requirements 
653 |a Financial risk management 
653 |a Loan classification 
653 |a Money and Monetary Policy 
653 |a Banks 
653 |a Financing Policy 
653 |a Financial services law & regulation 
653 |a Monetary economics 
653 |a Micro Finance Institutions 
653 |a Money 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Financial institutions 
653 |a Financial regulation and supervision 
653 |a Banks and Banking 
653 |a Capital and Ownership Structure 
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520 |a 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