Publications - Banking and Finance
The Colombian government issued Decrees 1420 of 2019, 1421 of 2019 and 1349 of 2019, modifying the equity requirements for asset managers of third parties, credit establishments and insurance entities, in order to adapt them to international…
Two crucial steps for orderly implementation of a new EURIBOR benchmark compliant with the European Benchmarks Regulation (BMR) have just taken place. One is the authorization of EURIBOR administrator EMMI, and the other, the recent publication of…
The Libra Association, founded by Facebook and 27 other organizations, intends to promote the construction of a global financial infrastructure and issue from it a new cryptocurrency called Libra, enabling operators to carry out payment transactions…
The Colombian government released a technical document analyzing ways to extend the use of financial services, promoting access to technological innovation.
In response to the digital transformation of services for the storage, processing and use of data, and to promote the use of cloud computing for the provision of financial services, the Colombian Finance Authority (Superintendencia Financiera de…
The Spanish government has adopted a range of contingency measures to prepare for the event of the United Kingdom leaving the European Union without an agreement on March 30, 2019. They are temporary measures approved through Royal Decree-Law 5/2019…
The Colombian Finance Authority has published Draft External Circular No. 03 of 2019 with the aim of promoting alternative ways to make electronic payments, consolidating the standardization and interoperability of payments systems, continuing the…
In order to maximize the benefits that innovation brings to the finance industry and thereby to increase people’s access to financial services, the Colombian Ministry of Finance issued Decree 2443 of 2018, authorizing credit establishments,…
In order to maximize the benefits that innovation brings to the finance industry and thereby to increase people’s access to financial services, the Colombian Ministry of Finance issued Decree 2443 of 2018, authorizing credit establishments,…
In order to issue instructions regarding the rules for authorizing regulations for products from the electronic savings and deposit sections, and the mechanisms for resolving bridge banks, the Colombian Finance Authority (SFC) has issued External…
Euribor reform is still in motion and will bring changes with an impact on the financial wholesale and retail markets, from financial, operating and systems, and commercial standpoints. Care is also needed to avoid serious legal risks.
Proposed Law 028/2018 has come before the Colombian Congress, seeking to regulate the use of cryptocurrencies and cryptocurrency transactions in Colombia and to lay down measures to safeguard, monitor, inspect and oversee these types of transactions.