Skip to main content
Article thumbnail
Location of Repository

Financial system structure in Colombia : a proposal for a reform agenda

By Javier De la Cruz and Constantinos Stephanou

Abstract

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.Banks&Banking Reform,Financial Intermediation,Corporate Law,Non Bank Financial Institutions,Financial Crisis Management&Restructuring

OAI identifier:

Suggested articles

Citations

  1. (2005). Colombia: Financial System Stability Assessment Update”,
  2. (2005). Colombia: Staff Report for the
  3. (2004). El leasing en Colombia: Diagnóstico e impacto sobre la inversión y el crecimiento”,
  4. (2005). Implementation Completion Report for Second Programmatic Financial Sector Adjustment Loan to the Republic of Colombia”,
  5. (1996). Report on Collective Investment Schemes in Emerging Markets”, Report by the Emerging Markets Committee of IOSCO.
  6. (2005). Supervision of Financial Conglomerates: The Case of Chile”, World Bank Policy Research Working Paper 3553.
  7. (2000). Towards multibanking in Colombia: From ‘patchwork’ to financial holdings”, Asobancaria convention paper.

To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.