{
  "title": "Colombia: Financial Sector Assessment Program-Technical Note on Macroprudential Framework Policy and Tools",
  "publication": "IMF Staff Country Reports, June 3, 2022",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2022/06/03/colombia-financial-sector-assessment-program-technical-note-on-macroprudential-framework-518577",
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  "summary": "There has been little change in the institutional framework for macroprudential policy oversight since the last FSAP. Macroprudential policy for the banking sector is a shared competency of the Financial Superintendency of Colombia (SFC), the Banco de la República (BR), and the Ministry of Finance (",
  "sections": [
    {
      "heading": "Institutional framework and recent changes",
      "content": "- There has been little change in the institutional framework for macroprudential policy oversight since the last FSAP.\n- Macroprudential policy for the banking sector is a shared competency of the Financial Superintendency of Colombia (SFC), the Banco de la República (BR), and the Ministry of Finance (MHCP), although the SFC and the MHCP play dominant roles.\n- The Financial Sector Coordination and Monitoring Committee (CCSSF), which consists of the three institutions and the Financial Institutions Guarantee Fund (Fogafin), is the main platform for information sharing and cooperation, but it does not have a macroprudential mandate or any formal powers."
    },
    {
      "heading": "Coverage and supervisory responsibilities",
      "content": "- The SFC supervises asset managers and insurance companies.\n- There is no formal macroprudential oversight framework for asset managers and insurance companies."
    },
    {
      "heading": "Key subjects and keywords (as provided)",
      "content": "- Subject: Financial regulation and supervision, Financial sector policy and analysis, Financial sector risk, Financial sector stability, International organization, Liquidity requirements, Macroprudential policy, Monetary policy, Systemic risk assessment\n- Keywords: Central America, Financial sector risk, Financial sector stability, FSAP program, FX risk, Global, IMF-World Bank Financial Sector Assessment Program, Liquidity requirements, Macroprudential policy, risk monitoring, staff team of the International Monetary Fund, Systemic risk assessment\n\n---\n\n Content in this bundle\n\n- Executive Summary\n  - Executive Summary (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Executive Summary (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
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    "[Markdown version](/en/publications/cr/issues/2022/06/03/colombia-financial-sector-assessment-program-technical-note-on-macroprudential-framework-518577/index.md)",
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    "Published: June 3, 2022",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400212239.002",
    "There has been little change in the institutional framework for macroprudential policy oversight since the last FSAP.",
    "The Financial Sector Coordination and Monitoring Committee (CCSSF), which consists of the three institutions and the Financial Institutions Guarantee Fund (Fogafin), is the main platform for information sharing and cooperation, but it does not have a macroprudential mandate or any formal powers.",
    "The SFC supervises asset managers and insurance companies.",
    "There is no formal macroprudential oversight framework for asset managers and insurance companies.",
    "Subject: Financial regulation and supervision, Financial sector policy and analysis, Financial sector risk, Financial sector stability, International organization, Liquidity requirements, Macroprudential policy, Monetary policy, Systemic risk assessment",
    "Keywords: Central America, Financial sector risk, Financial sector stability, FSAP program, FX risk, Global, IMF-World Bank Financial Sector Assessment Program, Liquidity requirements, Macroprudential policy, risk monitoring, staff team of the International Monetary Fund, Systemic risk assessment",
    "**Executive Summary**"
  ],
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