Kingdom of Lesotho : Technical Assistance Report-Implementation of Basel II.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. African Dept.

Contributor:

International Monetary Fund. Monetary and Capital Markets Department.

Series:

IMF Staff Country Reports; Country Report ; No. 2020/222

IMF Staff Country Reports

Language:

English

Subjects (All):

Economic policy--Lesotho.

Economic policy.

Physical Description:

1 online resource (22 pages)

Other Title:

Kingdom of Lesotho

Place of Publication:

Washington, D.C. : International Monetary Fund, 2020.

Summary:

This mission, a follow up to the earlier mission from IMF AFRITAC South (AFS) conducted in March 2017 (STX Mr. Bernie Egan), was designed to further help the authorities in the implementation of Basel II and select elements of Basel III. The main objectives of the mission were to help the CBL finalize the Draft Guidelines to banks on Pillar 1; assist in the implementation of Pillar 2, with attention paid to the Supervisory Review and Evaluation Process (SREP) and the banks´ Internal Capital Adequacy Assessment Process (ICAAP); and evaluate current disclosure requirements in view of the recent revision of Pillar 3 by the Basel Committee on Banking Supervision (BCBS). The adoption of select elements of Basel III especially those related to definition of capital was discussed.

Contents:

Glossary

Preface

Executive Summary

I. Introduction: Purpose of the Mission

II. Regulatory Framework for Banks and Implementation of the Basel II Framework in Lesotho

III. Findings of the Mission

IV. Key Observations and Recommendations of the Mission

Tables

1. Summary of Main Recommendations.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

9781513551005

1513551000