Description: Financial Sector Assessment : Uruguay

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Financial Sector Assessment : Uruguay

Uruguay suffered a severe banking and currency crisis in 2002 from the spillover of Argentina's crisis. The crisis highlighted important underlying weaknesses of the Uruguayan financial sector, many of which were already well known. This Finan...

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Bibliographic Details
Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCOUNTING ACTIVE DEBT AMORTIZATION ASSET DIVERSIFICATION ASSET QUALITY ASSET RATIO BANK ASSETS BANK DEBT BANK DEPOSITS BANK LENDING BANK LOANS BANK REGULATION BANKING CRISIS BANKING SECTOR BANKING SYSTEM BANKRUPTCY BANKRUPTCY PROCEDURES BROKERS CAPITAL ADEQUACY CAPITAL GAINS CAPITAL LOSSES CAPITAL MARKET CAPITAL MARKET LAW CAPITAL MARKETS DEVELOPMENT CAPITALIZATION CENTRAL BANK COLLATERAL COMMERCIAL BANK COMMERCIAL BANK ASSETS COMMERCIAL PAPER COMMERCIAL PAPER ISSUES COMMERCIAL PAPER MARKET COMMERCIAL TERMS CONSUMER CREDIT CONSUMER LOANS CONTINGENT LIABILITIES CONTINGENT LIABILITY CORPORATE BOND MARKET CORPORATE BONDS CORPORATE DEBT CORPORATE GOVERNANCE CORPORATE SECURITIES CREDIT BUREAU CREDIT CARD CREDIT CARDS CREDIT CULTURE CREDIT ENHANCEMENTS CREDIT QUALITY CREDIT RISK CREDIT RISKS CREDIT SYSTEMS CREDITORS CURRENCY CURRENCY BOARD CURRENCY CRISIS CURRENCY MISMATCH CUSTODY CUSTODY ARRANGEMENTS DEBENTURES DEBT EXCHANGE DEBT ISSUANCE DEBT LEVELS DEBT MANAGEMENT DEBT RATIOS DEBT RESTRUCTURING DEBT SERVICE DEBT-EQUITY DEBTS DEFAULTERS DEFICITS DEPOSIT DEPOSIT INSURANCE DEPOSITS DERIVATIVE DERIVATIVE TRANSACTIONS DOMESTIC BANKS DOMESTIC CORPORATE BOND ECONOMIC DEVELOPMENT EQUITY MARKET EQUITY MARKET CAPITALIZATION EXCESS SUPPLY EXCHANGE RATE EXCHANGE RATES EXPORT GROWTH EXTERNAL DEBT FINANCIAL DEVELOPMENT FINANCIAL INFRASTRUCTURE FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL RISKS FINANCIAL STRUCTURE FINANCIAL SYSTEM FISCAL DISCIPLINE FORECLOSURE FOREIGN BANKS FOREIGN CURRENCY FOREIGN CURRENCY DEBT FOREIGN CURRENCY LOANS FOREIGN EXCHANGE FOREIGN INTEREST FRAMEWORK FOR SECURITIES FRAUD GOVERNANCE ISSUES GOVERNMENT DEBT GOVERNMENT GUARANTEE GOVERNMENT GUARANTEES GOVERNMENT LENDING GOVERNMENT POLICY GOVERNMENT SUPPORT HEDGES HOLDINGS HOUSING FINANCE IMPLICIT GOVERNMENT GUARANTEES IMPLICIT GUARANTEES INFLATION INSTRUMENT INSURANCE INSURANCE COMPANIES INSURANCE COMPANY INSURANCE PRODUCTS INTEREST RATES INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL DEBT INTERNATIONAL DEBT MARKETS INTERNATIONAL FINANCIAL INSTITUTIONS INVESTMENT REGULATIONS INVESTOR CONFIDENCE INVESTOR PROTECTION ISSUANCE LABOR MARKET LACK OF TRANSPARENCY LEGAL ENVIRONMENT LEGAL FRAMEWORK LEGAL MONOPOLY LEGAL OBLIGATION LEGAL RIGHTS LEVEL PLAYING FIELD LIEN LIENS LIFE INSURANCE LIFE INSURANCE POLICIES LIFE INSURANCE PRODUCT LIQUID ASSET LIQUID ASSETS LIQUIDATION LIQUIDITY LIQUIDITY PROBLEMS LIQUIDITY RISKS LOAN LOCAL BANKS LOCAL CURRENCY LOCAL MARKET LOCAL MARKETS LONG-TERM RESOURCES MACROECONOMIC POLICIES MACROECONOMIC STABILITY MARKET ACCESS MARKET CONCENTRATION MARKET DEVELOPMENT MARKET INFRASTRUCTURE MARKET INSTRUMENTS MARKET PRICES MATURITIES MATURITY MORTGAGE MORTGAGE INTEREST MORTGAGE INTEREST RATES MORTGAGE MARKET MORTGAGES NONPAYMENT NONPERFORMING LOANS OUTSTANDING AMOUNT PAYMENT SYSTEMS PENSION PENSION FUNDS PENSION SYSTEM PENSIONS PORTFOLIO PORTFOLIO INVESTMENTS PORTFOLIOS PRIVATE BANK PRIVATE BANKS PRIVATE LENDERS PRIVATE LENDING PROMISSORY NOTES PRUDENTIAL REGULATIONS PUBLIC BANKS PUBLIC DEBT PUBLIC SECTOR DEBT RATES OF INTEREST REGULATORY FRAMEWORK REPOS RESERVE RESERVE REQUIREMENTS RESERVES RESIDENTIAL MORTGAGE RETURN RISK MANAGEMENT RISK MANAGEMENT SYSTEM RISK PREMIUMS SAFETY NET SECURITIES SECURITIES LAW SECURITIES MARKET SECURITIES MARKETS SETTLEMENT SETTLEMENT SYSTEMS SOLVENCY SOVEREIGN RISK STATE BANK STATE BANKS STATE GUARANTEES STOCK EXCHANGE STOCK EXCHANGES TAX TAX CONCESSIONS TAX EXEMPTION TAX TREATMENT TERRORISM TIME DEPOSITS TRADING TRANSPARENCY TREASURY TRUST FUNDS WEAK ASSETS WITHDRAWAL YIELD CURVE
Online Access:	http://documents.worldbank.org/curated/en/2006/08/17893082/uruguay-financial-sector-assessment http://hdl.handle.net/10986/15936

Description
Summary:	Uruguay suffered a severe banking and currency crisis in 2002 from the spillover of Argentina's crisis. The crisis highlighted important underlying weaknesses of the Uruguayan financial sector, many of which were already well known. This Financial Sector Assessment summarizes the findings of a joint International Monetary Fund/World Bank Financial Sector Assessment Program (FSAP) team that visited Montevideo in October 2005 and January-February 2006. The purpose of the assessment was to help the authorities identify financial system strengths and weaknesses with a view to implementing an action plan to increase the system's contribution to economic development. The FSAP assessment is based on information provided by the authorities at the time of the missions.