Colombia: Financial System Stability Assessment
April 4, 2022
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The pandemic led to Colombia’s largest recession on record, but the economy bounced back strongly in 2021. The banking system has so far weathered the shock well, with the help of a strong policy and support response and strong initial position. Colombia is exposed to elevated external financing risks and the further prolongation of the pandemic. Large and complex financial conglomerates with increasing cross-border exposures dominate the financial system. The consumer-credit portfolio deserves attention as it has been growing fast and had high impairment rate during the pandemic.
Subject: Asset and liability management, Basel III, Commercial banks, COVID-19, Financial institutions, Financial regulation and supervision, Financial Sector Assessment Program, Financial sector policy and analysis, Health, International organization, Liquidity, Monetary policy
Keywords: B. solvency risk analysis, bank resolution regime, Basel III, C. liquidity risk analysis, Central America, Commercial banks, COVID-19, Financial Sector Assessment Program, FSAP finding, FSAP macro projection, Global, IMF expert, Liquidity, liquidity risk index, liquidity shock
Pages:
55
Volume:
2022
DOI:
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Issue:
098
Series:
Country Report No. 2022/098
Stock No:
1COLEA2022003
ISBN:
9798400206634
ISSN:
1934-7685
