[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110487-en":3,"doc-seo-110487-105":31,"detail-sidebar-cat-0-en-105":93},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":28,"seo_description":14,"update_tm":29,"read_time":30},110487,8796095462418,"Noah","https://ap-avatar.wpscdn.com/avatar/80000253c1241d02b47?x-image-process=image/resize,m_fixed,w_180,h_180&k=1778826106357471780",8,"Research & Report","Chile - Financial Sector Assessment - February 2022 - FSAP findings and policy recommendations","Chile Financial Sector Assessment consolidates key results from remote visits led by an IMF-World Bank mission in 2021 under the Financial Sector Assessment Program (FSAP). It summarizes mission findings, highlights key vulnerabilities and risk drivers, and presents policy recommendations to strengthen financial stability. The assessment covers macrofinancial context, financial stability analysis with stress testing and interconnectedness, financial system oversight, crisis preparedness and safety nets, and cross-cutting topics including competition, inclusion, consumer protection, pensions, and green finance.","Public Disclosure Authorized Public Disclosure Authorized  \nFOR OFFICIAL USE ONLY  \nCHILE  \nFINANCIAL SECTOR ASSESSMENT  \nFebruary 2022  \nPrepared By  \nFinance, Competitiveness, and Innovation Global Practice and Latin America and the Caribbean Regional Vice Presidency  \nA joint IMF-World Bank led remote visits to Chile during 2021, to conduct an assessment under the Financial Sector Assessment Program (FSAP).1 This report summarizes the main findings of the mission, identifies key financial sector vulnerabilities, and provides policy recommendations.  \n1 The team was comprised of Miquel Dijkman (World Bank Mission Chief), Charles Cohen (IMF Mission Chief), Ana Maria Aviles (World Bank Deputy Mission Chief), Claudio Visconti (IMF Deputy Mission Chief), Gian Boeddu, Beulah Chelva, Jennifer Chien, Mark Davis, Ivor Istuk, Oliver Masetti, Cindy Paladines, Valeria Salomao Garcia, Marc Schrijver, Fiona Stewart (World Bank); Stephane Couderc, Antonio Gabriel, Dimitrios Laliotis, Mindaugas Leika, Junghwan Mok, Ebru Sonbul Iskender, Peter Windsor (IMF); and Eamonn White (external expert). The FSAP team gratefully acknowledges the close cooperation and openness of the authorities and technical counterparts.  \nCONTENTS  \nGLOSSARY ____________________________________________________________________________________________ iii  \nPREFACE______________________________________________________________________________________________ iv  \nEXECUTIVE SUMMARY____________________________________________________________________________ 1  \nMACROFINANCIAL BACKGROUND ______________________________________________________________ 6  \nA. Macrofinancial Setting___________________________________________________________________________ 6  \nB. Financial System _________________________________________________________________________________ 8  \nC. Financial Development _________________________________________________________________________ 10  \nFINANCIAL STABILITY ANALYSIS _______________________________________________________________ 11  \nA. Vulnerabilities and Risks ________________________________________________________________________ 11  \nB. Stress Testing and Interconnectedness_________________________________________________________ 14  \nFINANCIAL SYSTEM OVERSIGHT________________________________________________________________ 16  \nA. Regulation and Supervision ____________________________________________________________________ 16  \nB. Macroprudential Policy _________________________________________________________________________ 20  \nC. AML/CFT ________________________________________________________________________________________ 20  \nCRISIS PREPAREDNESS AND FINANCIAL SAFETY NETS_______________________________________ 20  \nCOMPETITION, FINANCIAL INCLUSION AND FINANCIAL CONSUMER PROTECTION ______ 22  \nA. Competition ____________________________________________________________________________________ 22  \nB. Digital Financial Inclusion_______________________________________________________________________ 25  \nC. Financial Consumer Protection and Household Indebtedness _________________________________ 27  \nD. Cross-Cutting Topics ___________________________________________________________________________ 31  \nPENSIONS AND GREEN FINANCE _______________________________________________________________ 33  \nA. Pensions ________________________________________________________________________________________ 34  \nB. Green Finance___________________________________________________________________________________ 38  \nTables  \nTable 1. Chile: FSAP Key Recommendations _______________________________________________________ 4  \nTable 2: International Debt Indicators_____________________________________________________________ 13  \nTable 3. Chile: Selected Economic Indicators______________________________________________________ 57  \nTable 4. Chile: Structure of the Financial System __________________________________________________ 58  \nTable 5. Chile","cbCaidCkLiWtKPuv","https://ap.wps.com/l/cbCaidCkLiWtKPuv","pdf",4122310,6,1,65,"English","en",105,"# Executive Summary\n# Macrofinancial Background\n## Financial System\n## Financial Development\n# Financial Stability Analysis\n## Vulnerabilities and Risks\n## Stress Testing and Interconnectedness\n# Financial System Oversight\n## Regulation and Supervision\n## Macroprudential Policy\n## AML/CFT\n# Crisis Preparedness and Financial Safety Nets\n# Competition, Financial Inclusion and Financial Consumer Protection\n## Competition\n## Digital Financial Inclusion\n## Financial Consumer Protection and Household Indebtedness\n## Cross-Cutting Topics\n# Pensions and Green Finance\n## Pensions\n## Green Finance","[{\"question\":\"What is the FSAP mission purpose for Chile and what does the report provide?\",\"answer\":\"The mission conducts an assessment under the Financial Sector Assessment Program (FSAP). The report summarizes main findings, identifies key financial sector vulnerabilities, and provides policy recommendations.\"},{\"question\":\"Which areas are covered in the financial stability analysis?\",\"answer\":\"It examines vulnerabilities and risks, and includes stress testing and analysis of interconnectedness within the financial system.\"},{\"question\":\"What topics does the report include beyond stability, such as oversight and consumer issues?\",\"answer\":\"It covers regulation, supervision, macroprudential policy, AML/CFT, crisis preparedness and safety nets, plus competition, digital financial inclusion, consumer protection, household indebtedness, pensions, and green finance.\"}]","Chile - Financial Sector Assessment - February 2022 - FSAP findings and policy recommendations | PDF",1784485670,164,{"code":4,"msg":32,"data":33},"ok",{"site_id":25,"language":24,"slug":34,"title":13,"keywords":35,"description":14,"schema_data":36,"social_meta":88,"head_meta":90,"extra_data":92,"updated_unix":29},"chile-financial-sector-assessment-february-2022-fsap-findings-and-policy-recommendations","",{"@graph":37,"@context":87},[38,55,70],{"@type":39,"itemListElement":40},"BreadcrumbList",[41,45,49,52],{"item":42,"name":43,"@type":44,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":46,"name":47,"@type":44,"position":48},"https://docshare.wps.com/document/","Document",2,{"item":50,"name":12,"@type":44,"position":51},"https://docshare.wps.com/document/research-report/",3,{"item":53,"name":13,"@type":44,"position":54},"https://docshare.wps.com/document/chile-financial-sector-assessment-february-2022-fsap-findings-and-policy-recommendations/110487/",4,{"url":53,"name":13,"@type":56,"author":57,"headline":13,"publisher":59,"fileFormat":62,"inLanguage":24,"description":14,"dateModified":63,"datePublished":64,"encodingFormat":62,"isAccessibleForFree":65,"interactionStatistic":66},"DigitalDocument",{"name":9,"@type":58},"Person",{"url":42,"name":60,"@type":61},"DocShare","Organization","application/pdf","2026-07-30","2026-07-19",true,{"@type":67,"interactionType":68,"userInteractionCount":20},"InteractionCounter",{"@type":69},"ViewAction",{"@type":71,"mainEntity":72},"FAQPage",[73,79,83],{"name":74,"@type":75,"acceptedAnswer":76},"What is the FSAP mission purpose for Chile and what does the report provide?","Question",{"text":77,"@type":78},"The mission conducts an assessment under the Financial Sector Assessment Program (FSAP). 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