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Finacial System - Coggle Diagram
Finacial System
The Colombian Financial System is made up of
Financial Institutions
which an be divided in 3 categories
The ones from article 1 of the Financial Organic Statute
which are
Insurance Entities
such as
Insurance companies
Insurance cooperatives
Reinsurance companies
Insurance and Reinsurance Intermediaries
Insurance Intermediaries
are
brokers, agencies and agents, whose function consists of carrying out the activities contemplated in this Statute.
Reinsurance Intermediaries
are
Reinsurance brokers
Capitalization Corporations
are
Financial institutions whose purpose is to stimulate savings through the constitution of determined capital, in exchange for single or periodic disbursements, with the possibility (or without it) of early repayments through raffles
Credit Institutions
are
Financial institutions whose main function is to capture resources from the public in legal currency in deposits, at sight or at term, to place them again through loans, discounts, advances or other active credit operations.
such as
5 more items...
Financial Services Companies
are
Financial Institutions whose function is to carry out of the operations foreseen in the regime that regulates its activity.
such as
4 more items...
Entities with Special Regime
such as
Banco Cafetero
Fondo Nacional de Garantías SA
Fondo financiero de proyectos de desarrollo FONADE
FINDETER: Financiero de desarrollo territorial S.A
Fiduciaria Bancaria
FEN: Financiera Energética Nacional
Banco de Comercio Exterior S.A
BCH: Banco Central Hipotecario
Caja de Crédito Agrario, Industrial y Minero
IFI: Instituto de Fomento Industrial
ICETEX: Instituto Colombiano de Crédito Educativo y Estudios Técnicos en el Exterior
FINAGRO: Fondo para el Financiamiento del Sector Agropecuario
Technical and Administrative Services Societies
are
Finacial institutions whose activity focuses on carrying out complementary or support operations for the activities of providing financial services; financial institutions are authorized to invest in them.
The Financial Safety Net
composed by
Fogafin: Fondo de Garantías de Instituciones Financieras
is
A financial authority attached to the Ministry of Finance and Public Credit
its main function is
Being in charge of protecting the savings of citizens deposited in banks, financial corporations, financing companies, and companies specializing in electronic deposits.
Ministry of Finance and Public Credit
is
The one in charge of defining, formulating and executing Colombia's economic policy
Banco de la Republica
(Central Bank)
performs
The functions of central banking.
having the objetive of
preserve the purchasing power of the currency, in coordination with the general economic policy, understood as the one that tends to stabilize the product and employment at their long-term sustainable levels.
Financial Superintendency
has the objetive of
Supervising the Colombian financial system in order to preserve its stability, security and trust
promote, organize and develop the Colombian securities market and the protection of investors, savers and policyholders.
is
a set of institutions, procedures and mechanisms conceived with the aim of contributing in maintaining the stability of the financial system and protecting the intermediation function carried out by financial entities and their role in the national payment system.