Colombia : Key Attributes of Effective Resolution Regimes for Financial Institutions
At the request of the Colombian authorities, the bank resolution regime was assessed against the Key Attributes of Effective Resolution Regimes for Financial Institutions (KAs). The assessment was conducted by staff of the Financial Stability Board...
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| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/05/26159835/colombia-detailed-assessment-observance-key-attributes-effective-resolution-regimes-financial-institutions-pilot-draft-assessment-methodology http://hdl.handle.net/10986/24273 |
| Summary: | At the request of the Colombian
authorities, the bank resolution regime was assessed against
the Key Attributes of Effective Resolution Regimes for
Financial Institutions (KAs). The assessment was conducted
by staff of the Financial Stability Board (FSB),
International Monetary Fund (IMF) and World Bank utilizing
the draft KA Assessment Methodology (AM). The assessment
reviewed the resolution regime as of October 2015, and was
limited to the banking sector, considering only those
elements of the AM that directly relate to bank resolution
without assessing those addressing the resolution of
insurance firms, investment firms and financial market
infrastructures (FMIs). As a draft methodology was used, the
findings of the assessment should be viewed as preliminary.
A central goal of this assessment was to test the draft AM,
and a future revision of the AM might yield different
results with respect to the adherence of the Colombian bank
resolution regime to the KAs. In this light, no ratings were
assigned in this review. This assessment was the first one
undertaken in a country that is not a member of the FSB, or
home to a Global Systemically Important Financial
Institution (G-SIFI). |
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