Argentina’s financial system is in solid shape in terms of solvency, capitalization, liquidity, and provisioning. The BCRA's monetary policy seeks to keep the savings' purchasing power by setting the yield on time deposits or on inflation-linked time deposits plus 1% on a monthly basis.
Argentine people’ savings deposited in the financial system are covered by the deposit insurance system and by the BCRA acting as lender of last resort.
The financial system is audited internationally as arranged in the commitments made by Argentina to different multilateral organizations. The system abides by the Financial Sector Assessment Program (FSAP), the Report on the Observance of Standards & Codes (ROSC), the Regulatory Consistency Assessment Program (RCAP) and the Financial Stability Board (FSB).
Financial system stability is a public good that has been enshrined by different governments, its liquidity and solvency levels being high enough to tackle a potential financial stress.
October 9, 2023