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Colombia Detailed Assessment of ObservanceAt the request of the Colombian
 authorities, the bank resolution regime was assessed against
 the Key Attributes of Effective Resolution Regimes for
 Financial Institutions (KAs). The assessment was conducted
 by staff of the Financial Stability Board (FSB),
 International Monetary Fund (IMF) and World Bank utilizing
 the draft KA Assessment Methodology (AM). The assessment
 reviewed the resolution regime as of October 2015, and was
 limited to the banking sector, considering only those
 elements of the AM that directly relate to bank resolution
 without assessing those addressing the resolution of
 insurance firms, investment firms and financial market
 infrastructures (FMIs). As a draft methodology was used, the
 findings of the assessment should be viewed as preliminary.
 A central goal of this assessment was to test the draft AM,
 and a future revision of the AM might yield different
 results with respect to the adherence of the Colombian bank
 resolution regime to the KAs. In this light, no ratings were
 assigned in this review. This assessment was the first one
 undertaken in a country that is not a member of the FSB, or
 home to a Global Systemically Important Financial
 Institution (G-SIFI).
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Principles for Effective Insolvency and Creditor/Debtor Regimes, Revised 2015Effective creditor/debtor rights and
 insolvency systems are an important element of financial
 system stability. The World Bank Group accordingly has been
 working with partner organizations to develop principles for
 insolvency and creditor/debtor rights systems. The
 Principles for Effective Insolvency and Creditor/Debtor
 Rights Systems (the Principles) are a distillation of
 international best practice on design aspects of these
 systems, emphasizing contextual, integrated solutions and
 the policy choices involved in developing those
 solutions.Based on the experience gained from the use of the
 Principles, and following extensive consultations, the
 publication has been thoroughly reviewed and updated in
 2005, 2011 and 2015. The revised Principles contained in
 this document have benefited from wide consultation and,
 more importantly, from the practical experience of using
 them in the context of the Bank’s assessment and operational work.
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Financial Sector Assessment Program : Malaysia - Core Principles for Effective Deposit Insurance SystemsThis assessment of compliance with the Core Principles for Effective Deposit Insurance Systems (Core Principles) was conducted as a part of the Financial Sector Assessment Program (FSAP) performed by the International Monetary Fund and the World Bank at the request of the Malaysian government. This assessment was conducted by Claire McGuire, Senior Financial Sector Specialist with the World Bank, during a mission to Malaysia from March 27 to April 13, 2012. The assessment was based on a review of relevant laws, regulations and regulatory and supervisory practices related to the conventional banking sector and the operations of PIDM. There has been no experience with bank failures in Malaysia since Perbadanan Insurans Deposit Malaysia (PIDM's) establishment in 2005. As a result the assessment looked at the relevant provisions of the legal framework without consideration of how the laws had been applied in practice or interpreted by the courts. Several weaknesses in the legal framework have been noted in this assessment.