Group I: Implementation of Basel III Liquidity Standards in the Americas
The general objective of this working group is to identify the best regulation and supervisory practices related to liquidity risk management, as well as to develop recommendations in order to fully implement related liquidity standards, all of it as considered under Basel III.
Additionally, the group intends to identify and analyze alternatives to overcome the main challenges that will arise during the path of implementation, taking into account the impact onto regional markets development, including the influence on credit granting processes and economic growth.
Group II: Assessment of Integral Risk Management Function andMinimum Capital Definition
The main objective of this working group consists of developing a document containing the best regulatory and supervisory practices related to the optimal integral risk management function and minimum capital definitions, complementing the above with practical guidelines for its implementation, in line with international standards.
Group III: Best Regulatory and Supervisory Practices for Corporate Governance
The aim of this task is to develop a proposal for best regulatory and supervisory practices on corporate governance in financial intermediaries in the Americas, as well as an implementation guide.
Group IV: Stress Tests
This task aims to develop a tool to undertake Stress Testing analysis, on a national as well as on a regional basis, that can measure the resilience of financial systems in the region under stressed scenarios, as well as to identify potential risks faced by regional financial markets in the Americas.
Group V: Prevention of Money Laundering and Terrorism Financing
The objective of this task is to develop:
(i) regulation guidelines, in line with existing international recommendations and standards, taking into account the relative development of legal and institutional framework in the region;
(ii) a detailed supervision manual of preventive practices for ML / TF for supervised financial entities.
Group VI: Early Warning Systems
This study has the double objective of identifying the best practices available in the use of early warning systems, which form part of the integral off-site supervisory processes used by regulatory and supervisory authorities, as well as to establish the foundations for one or more models that will be needed to make the supervisory work more effective in the Americas.
Thus, the study seeks to identify methodologies, models, information needs, reports and uses, as well as the predictive capacity of the EWS used in the region. Additionally, the Early Warning Systems –to be proposed– must embody a preventive focus, and will need to adjust to international standards, be easily manageable as well as allow for scalability, according to the profile of the entities under surveillance and the degree of complexity of characteristic financial markets in the region.