Financial System Structure in Colombia : A Proposal for a Reform Agenda

The objective of this policy paper is to identify and propose high-level legal and regulatory reforms to Colombia's financial system structure that would enhance efficiency and/or mitigate risks. Five specific and four general reforms are proposed and evaluated based on their compatibility with...

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Main Authors:	De la Cruz, Javier, Stephanou, Constantinos
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2012
Subjects:	ACQUISITION ANALYTICAL APPROACH ASSET MANAGEMENT BANK ASSETS BANK CAPITAL BANK OF SPAIN BANK SAFETY BANKING SECTOR BANKING SERVICES BANKING SUPERVISION BANKS BONDS BROKERS BUSINESS STRUCTURE CAPITAL ADEQUACY CAPITAL MARKETS CENTRAL BANK CENTRAL BANKS COLLECTIVE COMMERCIAL BANKS COMPANY CONFLICTS OF INTEREST CONSOLIDATED SUPERVISION CONSOLIDATION COOPERATIVES CORPORATE BANKING DEBT DEMAND DEPOSITS DEVELOPMENT BANKS ECONOMIC GROWTH EQUITY INVESTMENTS ESTATE FINANCE COMPANIES FINANCIAL CONGLOMERATES FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL LEASING FINANCIAL PERFORMANCE FINANCIAL PERFORMANCE INDICATORS FINANCIAL PERFORMANCE RATIOS FINANCIAL REGULATION FINANCIAL SECTOR REFORM FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STRUCTURE FINANCIAL SYSTEMS FOREIGN ENTRY FOREIGN EXCHANGE GROUP COMPANIES GROUP OF COMPANIES GUIDELINES HOUSING HOUSING BANKS INDUSTRIAL ORGANIZATION INFLATION INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INTEREST RATES INVESTMENT BANKING INVESTOR PROTECTION LAWS LEGAL FRAMEWORK LEGAL SYSTEMS LEGISLATION LIQUIDATION MANAGEMENT CONTROL MERGER MORTGAGES NET INTEREST MARGIN NON-BANK OPERATING COSTS OPERATING EXPENSES PENSION FUNDS PENSION SCHEMES PENSIONS PORTFOLIOS PRIVATIZATION PROFITABILITY PRUDENTIAL REQUIREMENTS REAL SECTOR RECAPITALIZATION REGULATORY FRAMEWORK REGULATORY REFORMS REINSURANCE RETURN ON ASSETS RETURN ON EQUITY RISK MANAGEMENT RISK MITIGATION SECURITIES SECURITIES MARKETS SERVICE COMPANIES SHAREHOLDERS SOLVENCY STOCK EXCHANGES STOCK MARKET SUBSIDIARIES TECHNICAL ASSISTANCE TRADE AGREEMENT TRADING TRANSPARENCY UNION UNIVERSAL BANKING
Online Access:	http://documents.worldbank.org/curated/en/2006/09/7056785/financial-system-structure-colombia-proposal-reform-agenda http://hdl.handle.net/10986/9297

id	okr-10986-9297
recordtype	oai_dc
spelling	okr-10986-92972021-04-23T14:02:41Z Financial System Structure in Colombia : A Proposal for a Reform Agenda De la Cruz, Javier Stephanou, Constantinos ACQUISITION ANALYTICAL APPROACH ASSET MANAGEMENT BANK ASSETS BANK CAPITAL BANK OF SPAIN BANK SAFETY BANKING SECTOR BANKING SERVICES BANKING SUPERVISION BANKS BONDS BROKERS BUSINESS STRUCTURE CAPITAL ADEQUACY CAPITAL MARKETS CENTRAL BANK CENTRAL BANKS COLLECTIVE COMMERCIAL BANKS COMPANY CONFLICTS OF INTEREST CONSOLIDATED SUPERVISION CONSOLIDATION COOPERATIVES CORPORATE BANKING DEBT DEMAND DEPOSITS DEVELOPMENT BANKS ECONOMIC GROWTH EQUITY INVESTMENTS ESTATE FINANCE COMPANIES FINANCIAL CONGLOMERATES FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL LEASING FINANCIAL PERFORMANCE FINANCIAL PERFORMANCE INDICATORS FINANCIAL PERFORMANCE RATIOS FINANCIAL REGULATION FINANCIAL SECTOR REFORM FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STRUCTURE FINANCIAL SYSTEMS FOREIGN ENTRY FOREIGN EXCHANGE GROUP COMPANIES GROUP OF COMPANIES GUIDELINES HOUSING HOUSING BANKS INDUSTRIAL ORGANIZATION INFLATION INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INTEREST RATES INVESTMENT BANKING INVESTOR PROTECTION LAWS LEGAL FRAMEWORK LEGAL SYSTEMS LEGISLATION LIQUIDATION MANAGEMENT CONTROL MERGER MORTGAGES NET INTEREST MARGIN NON-BANK OPERATING COSTS OPERATING EXPENSES PENSION FUNDS PENSION SCHEMES PENSIONS PORTFOLIOS PRIVATIZATION PROFITABILITY PRUDENTIAL REQUIREMENTS REAL SECTOR RECAPITALIZATION REGULATORY FRAMEWORK REGULATORY REFORMS REINSURANCE RETURN ON ASSETS RETURN ON EQUITY RISK MANAGEMENT RISK MITIGATION SECURITIES SECURITIES MARKETS SERVICE COMPANIES SHAREHOLDERS SOLVENCY STOCK EXCHANGES STOCK MARKET SUBSIDIARIES TECHNICAL ASSISTANCE TRADE AGREEMENT TRADING TRANSPARENCY UNION UNIVERSAL BANKING The objective of this policy paper is to identify and propose high-level legal and regulatory reforms to Colombia's financial system structure that would enhance efficiency and/or mitigate risks. Five specific and four general reforms are proposed and evaluated based on their compatibility with the aforementioned objectives, ease of implementation, impact, and consistency with international practice. Potential implications for supervision and competition, as well as likely criteria for developing a carefully sequenced reform roadmap, are also highlighted. 2012-06-26T21:09:09Z 2012-06-26T21:09:09Z 2006-09 http://documents.worldbank.org/curated/en/2006/09/7056785/financial-system-structure-colombia-proposal-reform-agenda http://hdl.handle.net/10986/9297 English en_US Policy Research Working Paper; No. 4006 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Latin America & Caribbean Colombia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACQUISITION ANALYTICAL APPROACH ASSET MANAGEMENT BANK ASSETS BANK CAPITAL BANK OF SPAIN BANK SAFETY BANKING SECTOR BANKING SERVICES BANKING SUPERVISION BANKS BONDS BROKERS BUSINESS STRUCTURE CAPITAL ADEQUACY CAPITAL MARKETS CENTRAL BANK CENTRAL BANKS COLLECTIVE COMMERCIAL BANKS COMPANY CONFLICTS OF INTEREST CONSOLIDATED SUPERVISION CONSOLIDATION COOPERATIVES CORPORATE BANKING DEBT DEMAND DEPOSITS DEVELOPMENT BANKS ECONOMIC GROWTH EQUITY INVESTMENTS ESTATE FINANCE COMPANIES FINANCIAL CONGLOMERATES FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL LEASING FINANCIAL PERFORMANCE FINANCIAL PERFORMANCE INDICATORS FINANCIAL PERFORMANCE RATIOS FINANCIAL REGULATION FINANCIAL SECTOR REFORM FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STRUCTURE FINANCIAL SYSTEMS FOREIGN ENTRY FOREIGN EXCHANGE GROUP COMPANIES GROUP OF COMPANIES GUIDELINES HOUSING HOUSING BANKS INDUSTRIAL ORGANIZATION INFLATION INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INTEREST RATES INVESTMENT BANKING INVESTOR PROTECTION LAWS LEGAL FRAMEWORK LEGAL SYSTEMS LEGISLATION LIQUIDATION MANAGEMENT CONTROL MERGER MORTGAGES NET INTEREST MARGIN NON-BANK OPERATING COSTS OPERATING EXPENSES PENSION FUNDS PENSION SCHEMES PENSIONS PORTFOLIOS PRIVATIZATION PROFITABILITY PRUDENTIAL REQUIREMENTS REAL SECTOR RECAPITALIZATION REGULATORY FRAMEWORK REGULATORY REFORMS REINSURANCE RETURN ON ASSETS RETURN ON EQUITY RISK MANAGEMENT RISK MITIGATION SECURITIES SECURITIES MARKETS SERVICE COMPANIES SHAREHOLDERS SOLVENCY STOCK EXCHANGES STOCK MARKET SUBSIDIARIES TECHNICAL ASSISTANCE TRADE AGREEMENT TRADING TRANSPARENCY UNION UNIVERSAL BANKING
spellingShingle	ACQUISITION ANALYTICAL APPROACH ASSET MANAGEMENT BANK ASSETS BANK CAPITAL BANK OF SPAIN BANK SAFETY BANKING SECTOR BANKING SERVICES BANKING SUPERVISION BANKS BONDS BROKERS BUSINESS STRUCTURE CAPITAL ADEQUACY CAPITAL MARKETS CENTRAL BANK CENTRAL BANKS COLLECTIVE COMMERCIAL BANKS COMPANY CONFLICTS OF INTEREST CONSOLIDATED SUPERVISION CONSOLIDATION COOPERATIVES CORPORATE BANKING DEBT DEMAND DEPOSITS DEVELOPMENT BANKS ECONOMIC GROWTH EQUITY INVESTMENTS ESTATE FINANCE COMPANIES FINANCIAL CONGLOMERATES FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL LEASING FINANCIAL PERFORMANCE FINANCIAL PERFORMANCE INDICATORS FINANCIAL PERFORMANCE RATIOS FINANCIAL REGULATION FINANCIAL SECTOR REFORM FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STRUCTURE FINANCIAL SYSTEMS FOREIGN ENTRY FOREIGN EXCHANGE GROUP COMPANIES GROUP OF COMPANIES GUIDELINES HOUSING HOUSING BANKS INDUSTRIAL ORGANIZATION INFLATION INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INTEREST RATES INVESTMENT BANKING INVESTOR PROTECTION LAWS LEGAL FRAMEWORK LEGAL SYSTEMS LEGISLATION LIQUIDATION MANAGEMENT CONTROL MERGER MORTGAGES NET INTEREST MARGIN NON-BANK OPERATING COSTS OPERATING EXPENSES PENSION FUNDS PENSION SCHEMES PENSIONS PORTFOLIOS PRIVATIZATION PROFITABILITY PRUDENTIAL REQUIREMENTS REAL SECTOR RECAPITALIZATION REGULATORY FRAMEWORK REGULATORY REFORMS REINSURANCE RETURN ON ASSETS RETURN ON EQUITY RISK MANAGEMENT RISK MITIGATION SECURITIES SECURITIES MARKETS SERVICE COMPANIES SHAREHOLDERS SOLVENCY STOCK EXCHANGES STOCK MARKET SUBSIDIARIES TECHNICAL ASSISTANCE TRADE AGREEMENT TRADING TRANSPARENCY UNION UNIVERSAL BANKING De la Cruz, Javier Stephanou, Constantinos Financial System Structure in Colombia : A Proposal for a Reform Agenda
geographic_facet	Latin America & Caribbean Colombia
relation	Policy Research Working Paper; No. 4006
description	The objective of this policy paper is to identify and propose high-level legal and regulatory reforms to Colombia's financial system structure that would enhance efficiency and/or mitigate risks. Five specific and four general reforms are proposed and evaluated based on their compatibility with the aforementioned objectives, ease of implementation, impact, and consistency with international practice. Potential implications for supervision and competition, as well as likely criteria for developing a carefully sequenced reform roadmap, are also highlighted.
format	Publications & Research :: Policy Research Working Paper
author	De la Cruz, Javier Stephanou, Constantinos
author_facet	De la Cruz, Javier Stephanou, Constantinos
author_sort	De la Cruz, Javier
title	Financial System Structure in Colombia : A Proposal for a Reform Agenda
title_short	Financial System Structure in Colombia : A Proposal for a Reform Agenda
title_full	Financial System Structure in Colombia : A Proposal for a Reform Agenda
title_fullStr	Financial System Structure in Colombia : A Proposal for a Reform Agenda
title_full_unstemmed	Financial System Structure in Colombia : A Proposal for a Reform Agenda
title_sort	financial system structure in colombia : a proposal for a reform agenda
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2006/09/7056785/financial-system-structure-colombia-proposal-reform-agenda http://hdl.handle.net/10986/9297
_version_	1764406568909012992

Financial System Structure in Colombia : A Proposal for a Reform Agenda

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