Financial Sector Assessment : Guatemala
This Financial Sector Assessment (FSA) summarizes the findings of a joint World Bank -International Monetary Fund Financial Sector Assessment Program (FSAP) team which visited Guatemala from October 27 to November 10, 2005 to update the 2001 FSAP r...
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| Language: | English en_US |
| Published: |
Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2007/03/7510943/guatemala-financial-sector-assessment-update http://hdl.handle.net/10986/8015 |
| Summary: | This Financial Sector Assessment (FSA)
summarizes the findings of a joint World Bank -International
Monetary Fund Financial Sector Assessment Program (FSAP)
team which visited Guatemala from October 27 to November 10,
2005 to update the 2001 FSAP report. It contains information
as of late 2005. In spite of major progress since 2001, the
update found the Guatemalan financial system still faces
four main stability and development challenges: (i) to
improve the transparency and quality of information of the
financial and economic systems; (ii)to strengthen the
regulatory framework of the financial system and its
implementation; (iii) to move supervision towards a
risk-based approach; and (iv) to complete financial markets
to diversify the system and enhance intermediation and
access. Each of these challenges is discussed in depth in
the report. |
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