01974cas a2200241 a 4500 AALejournalIMF014213 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475554465 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. El Salvador : Detailed Assessment of Compliance of the Basel Core Principles for Effective Banking Supervision. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (66 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper presents an assessment of compliance with the Basel Core Principles for Effective Banking Supervision in El Salvador. The regulatory authority Superintendencia del Sistema Financiero (SSF) has taken a number of initiatives to strengthen and upgrade supervision. This includes, among others, a risk unit with specialized expertise and continued efforts to foster cross-border cooperation and coordination. Despite considerable efforts, for the SSF is commended for its efforts, the lack of regulation in practically all risk categories is a major impediment to further progress. The lack of standards in those areas, combined with severe shortcomings in legal protection and deficiencies in the remedial action framework for addressing minor transgressions, limits the SSF's ability to address imprudent behavior by banks. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2014/045 Full text available on IMF http://elibrary.imf.org/view/journals/002/2014/045/002.2014.issue-045-en.xml IMF e-Library