The Financial Superintendency of Colombia (SFC) received the statistical quality certification after the evaluation carried out by the National Administrative Department of Statistics (Dane) based on the requirements of the Technical Standard for Quality of the Statistical Process NTCPE1000: 2020 on two of the entity’s processes.
It deals with the statistical operations for the certification of the Current Bank Interest Rate –TIBC– and the Interest Rate of Capture and Placement Most Representative of the Market and the Average Commercial Capture Rate of the Financial System –TCCMR– which become part of the Colombian statistical data set.
(Read: Operations in the financial system grew 29% in 2022).
The evaluation was made within the National Statistical System (SEN), of which the Financial Superintendence is a part and in compliance with the technical standard that seeks to guarantee the production of official figures with the highest quality standards, in addition to improving the processes of dissemination of these statistics.
This recognition once again confirms the high standards implemented by the SFC in its processes to develop the statistical products that fall under its purview.
(Read: Current bank interest rates: what they are and what they will be used for).
It should be remembered that In November 2019, DANE granted the quality certification in the statistical process of the Market Representative Exchange Rate -TRM– that certifies the SFC.
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