Colombia: Assessment of Financial Stability

This paper presents Colombia’s Assessment of financial stability report (FSR). The FSR of the Banco de la República of Colombia (BR) provides broad coverage of macroeconomic environment and the assessment of risks in the financial system. The biannual report is considered as one of the main sources of data and information on financial stability in Colombia, and the BR makes presentation on the key messages to the public at the time of the publication. The current structure of the FSR appears to work well in covering a range of relevant risks and vulnerabilities as well as topical issues, but there is room for evolution. A layered communication approach would help adapt the key messages of the FSR to audiences with different levels of expert knowledge and interest. There would be clear gains in deepening the understanding of the channels and interaction between financial stability and monetary policy as the financial system continues to evolve.