Colombia: Financial System Stability Assessment Update

Author: International Monetary Fund. Monetary and Capital Markets Department

Volume/Issue: Volume 2005 Issue 287

Publication date: August 2005

ISBN: 9781451928433

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Finance , Economics- Macroeconomics , ISCR , CR , SBC , risk , bank , loan , SBC methodology , credit risk management criteria , risk market impact evaluation , cash operation , Banco de la República , SBC wish , valuation methodology , solvency ratio , market risk fluctuation , Market risk , Loans , Mortgages , Commercial banks , Public sector

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Peru

Nepal

Grenada

Republic of Congo : 2001 Article IV

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.