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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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 |
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okr-10986-242732021-05-25T08:47:53Z Colombia : Key Attributes of Effective Resolution Regimes for Financial Institutions International Monetary Fund World Bank BANKING SECTOR INSOLVENCY LEGAL PERSONALITY LENDER OF LAST RESORT LIQUIDATION OWNERSHIP STRUCTURE RECOVERY OF LOSSES SETTLEMENT OF CLAIMS 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). 2016-05-10T21:19:26Z 2016-05-10T21:19:26Z 2016-02 Report 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 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Financial Sector Assessment Program Latin America & Caribbean Colombia |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
BANKING SECTOR INSOLVENCY LEGAL PERSONALITY LENDER OF LAST RESORT LIQUIDATION OWNERSHIP STRUCTURE RECOVERY OF LOSSES SETTLEMENT OF CLAIMS |
| spellingShingle |
BANKING SECTOR INSOLVENCY LEGAL PERSONALITY LENDER OF LAST RESORT LIQUIDATION OWNERSHIP STRUCTURE RECOVERY OF LOSSES SETTLEMENT OF CLAIMS International Monetary Fund World Bank Colombia : Key Attributes of Effective Resolution Regimes for Financial Institutions |
| geographic_facet |
Latin America & Caribbean Colombia |
| description |
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). |
| format |
Report |
| author |
International Monetary Fund World Bank |
| author_facet |
International Monetary Fund World Bank |
| author_sort |
International Monetary Fund |
| title |
Colombia : Key Attributes of Effective Resolution Regimes for Financial Institutions |
| title_short |
Colombia : Key Attributes of Effective Resolution Regimes for Financial Institutions |
| title_full |
Colombia : Key Attributes of Effective Resolution Regimes for Financial Institutions |
| title_fullStr |
Colombia : Key Attributes of Effective Resolution Regimes for Financial Institutions |
| title_full_unstemmed |
Colombia : Key Attributes of Effective Resolution Regimes for Financial Institutions |
| title_sort |
colombia : key attributes of effective resolution regimes for financial institutions |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
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 |
| _version_ |
1764456295914536960 |