Chile : Financial System Stability Assessment.

The financial system in Chile functions well overall within a sound regulatory framework. It features large and deep financial markets in a sector dominated by conglomerates, six systemic banks, and pension funds. The twin shocks of social unrest in late 2019 and COVID-19 were adeptly managed thanks...

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Korporativní autor: International Monetary Fund. Monetary and Capital Markets Department
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2021.
Edice:IMF Staff Country Reports; Country Report ; No. 2021/262
Témata:
On-line přístup:Full text available on IMF
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245 1 0 |a Chile :   |b Financial System Stability Assessment. 
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300 |a 1 online resource (111 pages) 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a The financial system in Chile functions well overall within a sound regulatory framework. It features large and deep financial markets in a sector dominated by conglomerates, six systemic banks, and pension funds. The twin shocks of social unrest in late 2019 and COVID-19 were adeptly managed thanks to massive and well-coordinated supervisory and fiscal policy responses, as well as unprecedented liquidity support from the Central Bank of Chile (BCCh). Banks have remained profitable through the crisis, partially supported by central bank financing and government-guaranteed SME lending. The funded pension system that has been instrumental in market deepening is under threat due in part to a series of withdrawals. Congress has also authorized life annuity liquidations. A major reorganization of the financial regulatory authorities has been finalized, and Basel III will be implemented starting in December 2021. 
538 |a Mode of access: Internet 
650 7 |a International Agreements and Observance  |2 imf 
650 7 |a International Organizations  |2 imf 
650 7 |a Monetary Policy  |2 imf 
651 7 |a Chile  |2 imf 
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