Colombia; Financial System Stability Assessment Update, including Reports on the Observance of Standards and Codes on the following topics: Securities Regulation, Insolvency and Creditor Rights Systems, and Payment Systems; and Comments by Authorities

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.

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Year of publication:	2005-08-11
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Bank supervision \| Credit \| Economic indicators \| Payment systems \| Pension regulations \| Securities regulations \| banking \| pension \| banking system \| market risk \| foreign exchange \| recapitalization \| capital adequacy \| legal framework \| banking sector \| pension system \| bank regulation \| pension funds \| risk management \| consolidated supervision \| capital adequacy ratio \| loan classification \| pension reform \| mortgage lending \| market risks \| bank supervisors \| pension fund \| retirement \| supervisory framework \| bank recapitalization \| bank loans \| debt restructuring \| banking law \| bank credit \| level playing field \| deposit insurance \| banking sector developments \| insurance companies \| low liquidity \| supervisory authorities \| bank capital \| banking systems \| macroeconomic stability \| solvency margin \| bank balance sheets \| bank provisioning \| retirement age \| pension costs \| credit risk management \| tax subsidies \| internal control \| capital requirement \| bank lending \| private pension funds \| check clearing \| bank assets \| settlement risk \| accrual rate \| retained earnings \| pension fund assets \| annuity market \| supervisory capacity \| private pension \| long-term projections \| solvency requirements \| settlement system \| pension scheme \| life insurers \| regulatory forbearance \| capital base \| bank holdings \| holding company \| funded scheme \| mortgage bank \| mutual funds \| supervisory agencies \| private bank \| bank restructuring \| foreign exchange market \| mutual fund \| sovereign risk \| pension schemes \| pension supervision \| capital regulation \| bank intervention \| return on assets \| bank products \| public pillar \| pension regulation \| capital mobility \| funded pension \| clearing system \| bankers \| bank profitability \| supervisory agency

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 05/287 3 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005768448