Portugal: Financial Sector Assessment Program: Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision

Volume/Issue: Volume 2007 Issue 033
Publication date: January 2007
ISBN: 9781451832259
$20.00
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Topics covered in this book

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Banks and Banking , Finance , Money and Monetary Policy , Public Finance , ISCR , CR , credit institution , parent company , board of directors , country risk , financial condition , credit risk , capital stock , Credit , Internal controls , Capital adequacy requirements , Credit risk , Basel Core Principles , Eastern Europe , Asia and Pacific

Summary

This Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision for Portugal discusses the country's market structure. Portugal’s regulatory framework is modern and sound, and highly compliant with international standards. Organic Law (OL) of Banco de Portugal (BdP) provides a clear framework, objectives, and responsibilities for carrying out the supervision of credit institutions, financial companies, and other entities legally subject to the BdP’s regulation. The regulatory framework allows the authorities to undertake globally consolidated supervision over internationally active banking groups.