Chile : Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, and Securities Regulation

Author/Editor:

International Monetary Fund

Publication Date:

August 18, 2004

Electronic Access:

Free Full Text (PDF file size is 596 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper highlights key findings of the Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, and Securities Regulation for Chile. The assessment reveals the Chilean banking system to be sound, resilient to shocks, and well supervised. Banks are well capitalized, profitable, internationally integrated, and have relatively low nonperforming loans. Stress tests indicate that they would absorb sizable macroeconomic shocks with only a moderate impact on their solvency. Although bank competition remains limited, it has increased significantly in recent years.

Series:

Country Report No. 04/269

Subject:

English

Publication Date:

August 18, 2004

ISBN/ISSN:

9781451807523/1934-7685

Stock No:

1CHLEA0012004

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

51

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