dc.creator	Gerencia Técnica
dc.creator	Vargas-Herrera, Hernando
dc.creator	Subgerencia Monetaria y de Inversiones Internacionales
dc.creator	Cardozo-Ortiz, Pamela Andrea
dc.creator	Departamento de Estabilidad Financiera
dc.creator	Osorio-Rodríguez, Daniel
dc.creator	Sección de Apoyos de Liquidez y Control de Riesgo
dc.creator	Cardozo-Alvarado, Nathali
dc.creator	Sección de Riesgos Sistémicos
dc.creator	Cabrera-Rodríguez, Wilmar Alexander
dc.creator	Cely, Jorge
dc.creator	Chipatecua, Orlando
dc.creator	Clavijo-Ramírez, Felipe
dc.creator	Gamba-Santamaría, Santiago
dc.creator	Gómez-Molina, Andrés Camilo
dc.creator	Gualtero-Briceño, Daniela
dc.creator	Meneses-González, María Fernanda
dc.creator	Lizarazo-Cuellar, Angélica María
dc.creator	Narváez, Alida
dc.creator	Piñeros, Hernán
dc.creator	Pirateque-Niño, Javier Eliecer
dc.creator	Rodríguez-Novoa, Daniela
dc.creator	Sánchez-Quinto, Camilo Eduardo
dc.creator	Sarmiento, Miguel
dc.creator	Segovia-Baquero, Santiago
dc.date.created	2022-09-28
dc.identifier.uri	https://repositorio.banrep.gov.co/handle/20.500.12134/10491
dc.description	Banco de la República’s main objective is to preserve the purchasing power of the currency in coordination with the general economic policy that is intended to stabilize output and employment at long-term sustainable levels. Properly meeting the goal assigned to the Bank by the 1991 Constitution critically depends on preserving financial stability. This is understood to be a general condition in which the financial system assesses and manages the financial risks in a way that facilitates the economy’s performance and efficient allocation of resources while, at the same time, it is able to, on its own, absorb, dissipate, and mitigate the shocks that may arise as a result of adverse events. This Financial Stability Report meets the goal of giving Banco de la República’s diagnosis of the financial system’s and its debtors’ recent performance as well as of the main risks and vulnerabilities that could affect the stability of the Colombian economy. In this way, participants in financial markets and the public are being informed, and public debate on trends and risks affecting the system is being encouraged. The results presented here also serve the monetary authority as a basis for making decisions that will enhance financial stability in the general context of its objectives. In recent months, several positive aspects of the financial system have preserved a remarkable degree of continuity and stability: the liquidity and capital adequacy of financial institutions have remained well above the regulatory minimums at both the individual and consolidated levels, the coverage of past-due loans by loan-loss provisions remains high, and the financial markets for public and private debt and stocks have continued to function normally. At the same time, a surge in all the types of loan portfolios, a sharp downturn in the non-performing loan portfolio, and a rise in the profitability of credit institutions can be seen for the first time since the beginning of the pandemic. In line with the general recovery of the economy, the main vulnerability to the stability of the Colombian financial system identified in the previous edition—uncertainty about changes in the non-performing loans portfolio—has receded and remains on a downward trend. In this edition, the main source of vulnerability identified for financial stability in the short term is the system’s exposure to sudden changes in international financial conditions; the results presented in this Report indicate that the system is sufficiently resilient to such scenarios. In compliance with its constitutional objectives and in coordination with the financial system’s security network, Banco de la República will continue to closely monitor the outlook for financial stability at this juncture and will make the decisions necessary to ensure the proper functioning of the economy, facilitate the flow of sufficient credit and liquidity resources, and further the smooth functioning of the payment system. Leonardo Villar Gomez Governor Box 1 -Decomposition of the Net Interest Margin in Colombia and Chile Wilmar Cabrera Daniela Rodríguez-Novoa Box 2 - Spatial Analysis of New Home Prices in Bogota, Medellín, and Cali Using a Geostatistical Approach María Fernanda Meneses Camilo Eduardo Sánchez Box 3 - Interest Rate Model for the SYSMO Stress Test Exercise Wilmar Cabrera Diego Cuesta Santiago Gamba Camilo Gómez Box 4 - The Transition from LIBOR and other International Benchmark Rates Daniela X. Gualtero Briceño Javier E. Pirateque Niño
dc.format.extent	81 páginas: gráficos, tablas
dc.format.mimetype	PDF
dc.language.iso	eng
dc.publisher	Banco de la República de Colombia
dc.relation.ispartof	Reportes, Boletines e Informes
dc.relation.ispartofseries	Reporte de Estabilidad Financiera
dc.relation.isversionof	Reporte de Estabilidad Financiera -
dc.rights.accessRights	Open Access
dc.rights.uri	https://creativecommons.org/licenses/by-nc-sa/4.0/
dc.subject	Instituciones financieras
dc.subject	Riesgo
dc.subject	Crédito
dc.subject	Bancos extranjeros
dc.subject	Colombia
dc.title	Financial Stability Report - Second Semester of 2021
dc.type	Report
dc.subject.jel	F65 - Economic Impacts of Globalization: Finance
dc.subject.jel	G20 - Financial Institutions and Services: General
dc.subject.jel	G29 - Financial Institutions and Services: Other
dc.audience	Policymakers
dc.audience	Researchers
dc.audience	Students
dc.audience	Teachers
dc.subject.keyword	Financial institutions
dc.subject.keyword	Risk
dc.subject.keyword	Credit
dc.subject.keyword	Foreign banks
dc.subject.keyword	Colombia
dc.subject.lemb	Estabilidad financiera -- Colombia -- 2021 -- Informes
dc.subject.lemb	Banco de la República (Bogotá) -- 2021 - Informes
dc.subject.lemb	Sistema financiero -- Evaluación -- Colombia -- 2021 -- Informes
dc.subject.lemb	Regulación bancaria -- Colombia -- 2021 -- Informes
dc.type.spa	Informe
dc.rights.spa	Acceso abierto
dc.rights.cc	Atribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0
dc.subject.jelspa	F65 - Impactos económicos de la globalización: Finanzas
dc.subject.jelspa	G20 - Instituciones y servicios financieros: Generalidades
dc.subject.jelspa	G29 - Instituciones y servicios financieros: Otros
dc.type.hasversion	Published Version
dc.coverage.sucursal	Bogotá
dc.relation.issn	1692 - 4029
dc.relation.doi	https://doi.org/10.32468/rept-estab-fin.sem2.eng-2021
dc.rights.Objeto	Objeto de publicación: La obra de mí (nuestra) autoría tiene por objeto ser publicada en el Portal de Investigaciones del Banco de la República e incluirla en el repositorio institucional de esa misma entidad. La obra podrá consistir en documento escrito, audiovisual, audio, gráfico, fotográfico, infográfico, podcasts, etc., y podrá estar en cualquier formato conocido o por conocerse.
dc.rights.Habeas	Datos personales: El(los) autor(es) ha(n) incluido sus datos personales (nombres, correo electrónico, filiación académica, perfil académico, entre otros) en el Portal de Investigaciones o la obra remitida para publicación, y por consiguiente, manifiesta(n) que mediante el diligenciamiento y registro de sus datos personales autoriza(n) al Banco de la República el tratamiento (recolección, almacenamiento, uso, circulación o supresión) de todos los datos suministrados con la finalidad de adelantar la publicación de la obra en el Portal de Investigaciones, dar a conocer su perfil académico y medios de contacto para fines académicos y divulgativos, así como para la construcción de indicadores y estadísticas para el seguimiento y control de las actividades de divulgación del Portal de Investigaciones. Para tal fin, se informa que el tratamiento de los datos personales se realizará de acuerdo con las políticas o lineamientos generales disponibles en http://www.banrep.gov.co/proteccion-datos-personales, en la sección “Protección de Datos Personales - Habeas Data”.
dc.relation.portal	https://www.banrep.gov.co/en/foreign-reserves-management-2021
dc.identifier.handle	https://hdl.handle.net/20.500.12134/10491
dc.subject.brtema	8. Sector monetario y financiero
dc.relation.shortdoi	https://doi.org/jfbn

Financial Stability Report - Second Semester of 2021

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