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 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.

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Bibliographic Details
Main Authors: De la Cruz, Javier, Stephanou, Constantinos
Format: Policy Research Working Paper biblioteca
Language:English
en_US
Published: World Bank, Washington, DC 2006-09
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
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