Nieto, María J.; Wall, Larry D. - Federal Reserve Bank of Atlanta - 2006
Over the past years, several countries around the world have adopted a system of prudential prompt corrective action … adoption. To date, most of the discussion on PCA has focused on its overall merits. This paper focuses on the preconditions … needed for the adoption of an effective PCA. These preconditions include conceptual elements such as a prudential supervisory …