IMF Staff Country Reports

Colombia: Financial System Stability Assessment Update

August 11, 2005

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Format: Chicago

International Monetary Fund. Monetary and Capital Markets Department "Colombia: Financial System Stability Assessment Update", IMF Staff Country Reports 2005, 287 (2005), accessed November 21, 2024, https://doi.org/10.5089/9781451928433.002

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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

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