The Central Bank of Colombia published External Regulatory Circular DEFI-354 (Subject 2), updating its risk control framework for open market operations and liquidity operations used to support the normal functioning of the payment system. Under External Resolution No. 3 issued by the Board of Directors, specified sections of the circular will apply from 1 August 2025. The circular forms part of the Financial Stability Department Manual and is addressed to the central bank’s head office and branches and a broad set of public and private financial-sector entities and infrastructures, including the Financial Superintendency of Colombia, the Colombia Stock Exchange, banks and other credit institutions, broker-dealers, fiduciary companies, investment and pension fund managers, insurers, foreign-exchange intermediaries, specialised electronic deposit and payment institutions, central counterparty clearinghouses, and several state-related financial entities. The central bank will incorporate the changes into the circular’s text on the date the new provisions enter into force.
Central Bank of Colombia 2025-01-31
Central Bank of Colombia updates risk controls for open market and liquidity operations effective 1 August 2025
The Central Bank of Colombia issued External Regulatory Circular DEFI-354, updating its risk control framework for open market and liquidity operations to support the payment system. The circular, part of the Financial Stability Department Manual, applies to various financial entities, including the Financial Superintendency of Colombia and the Colombia Stock Exchange. Changes will be incorporated when the new provisions take effect on 1 August 2025.