The Financial Superintendency of Colombia reported that Financial Superintendent Pablo Rivas Herazo was reelected to the Organisation for Economic Co-operation and Development’s (OECD) sustainable finance working group for 2027. During OECD Financial Markets Week, held Nov. 2-6, 2026, in Paris, he also reviewed the authority’s two ongoing equivalence processes with the European Banking Authority (EBA).
Rivas co-led discussions on the first chapter of the Financial Sustainability Survey with representatives from Japan and Spain, presenting Colombia’s experience and progress in sustainability disclosures by financial institutions. The group examined how to mobilize private financing for climate mitigation and adaptation. Separate insurance discussions addressed protection gaps and the opportunities and risks of parametric insurance in responding to natural hazards. Capital markets sessions considered the implications of asset tokenization for market structure and ways to strengthen dialogue between public authorities and the private sector on artificial intelligence in finance.
The bilateral meeting with the EBA reviewed progress on one equivalence process concerning confidentiality and professional secrecy, and another concerning regulation and supervision. The update did not report a decision on either process.