Una propuesta para la medición, monitoreo y regulación del riesgo de liquidez en Colombia
Temas de Estabilidad Financiera ; No. 18
Date of last update2006-09
MetadataShow full item record
Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Se presenta una propuesta de medición, monitoreo y regulación del riesgo de liquidez el sistema financiero colombiano
The importance of properly monitoring and regulating liquidity risk is associated with systemic risk and with stability of the financial system. If institutions do not measure liquidity risk adequately and if it is not well regulated, financial institutions could see their positions affected by a liquidity shock. Before designing a regulatory scheme, an operational definition of liquidity risk must be established. Literature offers two complementary definitions of liquidity risk. The first is associated with a bank’s inability to honor its obligations on time, because it does not have the liquid resources to do so (Basel Committee on Banking Supervision, 2000). According to this definition, the structure of the bank balance sheet is divided into short-term and long-term assets and liabilities. When an institution does not have the liquid assets to meet current and maturing obligations, the liquidity risk is high. This “liquidity shortage” must be covered, either by liquidating a portion of the liquid portfolio, or by substituting liquid liabilities with other longer term liabilities.