Financial Sector Assessment : Chile
This Financial Sector Assessment (FSA) summarizes the FSAP report for Chile, with emphasis on structural and developmental issues. Chile's financial system is large, well diversified and resilient to shocks. Chile's exposure to sudden s...
| Main Authors: | , |
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| Format: | Financial Sector Assessment Program (FSAP) |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2004/08/5074764/chile-financial-sector-assessment http://hdl.handle.net/10986/15819 |
| Summary: | This Financial Sector Assessment (FSA)
summarizes the FSAP report for Chile, with emphasis on
structural and developmental issues. Chile's financial
system is large, well diversified and resilient to shocks.
Chile's exposure to sudden stops in capital flows is
diminished under the current policy environment and rising
international financial integration. The challenges faced by
the financial system are mainly developmental. Greater
competition in financial services will be key in
facilitating a broader allocation of investable funds. The
modernization of securities markets infrastructure is
necessary to enhance liquidity. Reforms to the silo-based
financial system oversight are required to enhance
efficiency and risk management. The report looks at the
following financial areas: financial structure;
macroeconomic environment; macro-financial stability
analysis; banking; corporate sector; insurance sector;
pension funds; mutual funds; institutional investors and
financing vehicles; securities markets liquidity,
infrastructure, and oversight; hedges; financial oversight;
and anti-money laundering. |
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