TY  - GEN
AU  - Galindo, Arturo
AU  - Rojas-Suárez, Liliana
AU  - Del Valle, Marielle
TI  - Macroprudential Regulations in Andean Countries
PY  - 2013
Y1  - 2013/01/11
DO  - 10.18235/0008426
AB  - The importance of having in place a financial regulatory framework that includes macro-prudential regulations was fully recognized during the recent global financial crisis. A central lesson from that episode was that relying on regulations that solely assessed the risks that financial institutions were taking on their individual balance sheets (a micro-prudential approach) was inadequate to preserve financial system stability. This policy brief deals with advances in the Andean countries regarding the implementation of macro-prudential financial regulations; that is, regulations that take into account risks at the systemic level. We focus specially on three regulatory tools: liquidity requirements, counter-cyclical capital requirements and counter-cyclical loan-loss provisioning requirements.
UR  - https://doi.org/10.18235/0008426
ER  -