Colombia: Financial Sector Assessment Program-Technical Note-Crisis Management, Resolution, and Safety Nets

Volume/Issue: Volume 2022 Issue 159

Publication date: June 2022

ISBN: 9798400212697

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Topics covered in this book

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Banks and Banking , Finance , Money and Monetary Policy , International - Economics , IMF-World Bank Financial Sector Assessment Program , virtual mission , Superintendencia Financiera de Colombia , D , Resolution tool , coordination mechanism , Grupo de crisis Financiera , Bank resolution framework , Bridge bank , Crisis management , Bank resolution , Central America , Global

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Summary

The first mission of the Colombia FSAP was conducted virtually during June 1–21, 2021. This technical note focuses on the developments in the crisis management framework for the banking sector. The assessment examines the Colombian financial safety net and crisis management arrangements in light of the international best practices and standards on resolution and deposit insurance standards.