Colombia: Assessment of Financial Stability
High-Level Summary Technical Assistance Reports, September 1, 2023
Source details
- Canonical URL
- Colombia: Assessment of Financial Stability
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Bibliographic details
- Authors: Sumiko Ogawa, Rhiannon Sowerbutts
- Published: September 1, 2023
- Series: High-Level Summary Technical Assistance Reports
- DOI: https://doi.org/10.5089/9798400254413.029
Overview
- Presents Colombia’s Assessment of financial stability report (FSR) produced by the Banco de la República of Colombia (BR).
- The FSR is biannual and "provides broad coverage of macroeconomic environment and the assessment of risks in the financial system."
- The FSR "is considered as one of the main sources of data and information on financial stability in Colombia," and the BR "makes presentation on the key messages to the public at the time of the publication."
Key findings and observations
- The current structure of the FSR "appears to work well in covering a range of relevant risks and vulnerabilities as well as topical issues."
- There is "room for evolution" in the FSR's structure and communication.
- A "layered communication approach would help adapt the key messages of the FSR to audiences with different levels of expert knowledge and interest."
- "There would be clear gains in deepening the understanding of the channels and interaction between financial stability and monetary policy as the financial system continues to evolve."
Recommendations and suggested improvements
- Adopt a layered communication approach to better target distinct audiences (from general public to expert users).
- Enhance analysis and exposition of the channels and interactions between financial stability and monetary policy to reflect an evolving financial system.
Content in this bundle
- Colombia—Assessment of Financial Stability Report