Colombia: Technical Assistance Report-Financial Soundness Indicators Mission
Technical Assistance Report-Financial Soundness Indicators Mission
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Volume/Issue:
Volume 2022
Issue 054
Publication date: February 2022
ISBN: 9798400203596
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Topics covered in this book
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Banks and Banking , Finance , Money and Monetary Policy , Public Finance , International - Economics , Western Hemisphere department , IMF's Statistics Department , Banco de Comercio exterior de Colombia , staff team of the International Monetary Fund , Banco de la Republica , Financial soundness indicators , Business enterprises , Commercial banks , Nonbank financial institutions , Pension spending
Summary
The Statistics Department (STA) of the International Monetary Fund (IMF) provided technical assistance (TA) on financial soundness indicators (FSI) to Superintendencia Financiera de Colombia (SFC) during August 30-September 3, 2021. The TA mission took place at the request of and with the support of the IMF’s Western Hemisphere Department (WHD). Due to travel restrictions because of the COVID-19 pandemic, the mission was conducted remotely via video conferences. The mission assisted the SFC officials to (i) review the characteristics of financial institutions and ensure proper classification of financial institutions as deposit-takers (DTs) or other financial corporations (OFCs) for the compilation of FSIs as set out in the IMF’s 2019 Financial Soundness Indicators Compilation Guide (2019 FSIs Guide); and (ii) develop a work program and timeline to revise the reported FSIs because of the mission’s work.
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