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

45 Pages Posted: 20 Apr 2016

Date Written: September 1, 2006

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.

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

Suggested Citation

de la Cruz, Javier and Stephanou, Constantinos, Financial System Structure in Colombia: A Proposal for a Reform Agenda (September 1, 2006). World Bank Policy Research Working Paper No. 4006, Available at SSRN: https://ssrn.com/abstract=930845

Constantinos Stephanou

BIS/Financial Stability Board ( email )

Centralbahnplatz 2
Basel, Basel-Stadt 4002
Switzerland

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