The Financial Superintendence of Colombia published the outcomes of the eighth public-private roundtable under the initiative Capital Markets in Colombia, Colombia destination for investment. Participants said the eight roundtables held since late 2023 have helped support capital market growth over the past three years, and the authority said the next phase will focus on three areas: market supply, infrastructure and intermediation, and demand. The meeting also highlighted Colombia’s retention of its emerging market classification, which participants described as important for liquidity, competitive access standards and visibility with large global funds. At the same time, Financial Superintendent César Ferrari said the market still lacks depth, with secondary equity trading representing only about 2% of gross domestic product. Participants pointed to regulatory work by the Unit for Regulatory Foresight and Financial Regulation Studies, including decrees updating the rules for public takeover bids and the fiduciary business framework, as well as ongoing projects on securities market competitiveness and infrastructure and on financing micro, small and medium-sized enterprises through a simplified securitization regime.