Colombia: Financial System Stability Assessment Update

August 11, 2005

Preview Citation

Format: Chicago

Colombia: Financial System Stability Assessment Update, (USA: International Monetary Fund, 2005) accessed September 19, 2024

Summary

This paper presents a Financial System Stability Assessment Update, including Reports on the Observance of Standards and Codes (ROSC) on the Securities Regulation, Insolvency and Creditor Rights Systems, and Payment Systems in Colombia. Overall, the financial sector appears relatively stable and resilient to potential adverse shocks. The Superintendency of Banks lacks sufficient autonomy and independence while the current legal framework fails to effectively protect either bank supervisors or the Superintendent. Risk-based regulation and consolidated supervision remain key issues for the future.

Subject: Banking, Commercial banks, Economic sectors, Financial institutions, Financial regulation and supervision, Loans, Market risk, Mortgages, Public sector

Keywords: Banco de la República, Bank, Cash operation, Commercial banks, CR, Credit risk management criteria, ISCR, Loan, Loans, Market risk, Market risk fluctuation, Mortgages, Public sector, Risk, Risk market impact evaluation, SBC, SBC methodology, SBC wish, Solvency ratio, Valuation methodology

Publication Details

Pages:

35
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/287
Stock No:

1COLEA2005003
ISBN:

9781451928433
ISSN:

1934-7685

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