02203cas a2200241 a 4500 AALejournalIMF019061 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484397848 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Republic of Armenia : Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (141 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 detailed assessment of observance has been conducted against the standard issued by the Basel Committee on Banking Supervision in 2012. The report also highlights that the Central Bank of Armenia has made significant progress in its approach to banking supervision with adoption of the risk-based program (RBS) framework and addressing gaps in the regulatory framework identified in the 2012 Basel Core Principles assessment. Improvements have been made in the regulatory regime regarding requirements for risk management, stress testing, corporate governance, country risk and consolidated supervision. Although the supervisory regime has recently transitioned from a rules-based to an RBS, there is a need for continued refinement of the program for more granular assessments of firms' capital needs. The process for conducting risk assessments of each firm has identified a need for building a stronger and more structured (system-wide) understanding of the level and magnitude of risk and the risk management capabilities across banking firms. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2019/042 Full text available on IMF http://elibrary.imf.org/view/journals/002/2019/042/002.2019.issue-042-en.xml IMF e-Library