Colombia: Financial System Stability Assessment Update

International Monetary Fund

No 2005/287, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: 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 (search for similar items in EconPapers)
Pages: 35
Date: 2005-08-11
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