Chile’s Financial Market Commission (CMF) published remarks by Chairwoman Catherine Tornel from the University of the Andes seminar “Regulatory Simplification: Opportunities and Challenges”, calling for a regulatory framework that adapts to market changes and is grounded in stable, principles-based regulation. She also highlighted advancing ex-post assessment of regulation after implementation as a key challenge and priority for the CMF. Tornel linked continuous review of rules to maintaining an appropriate balance across the CMF’s prudential, market conduct and market development mandates, and argued that regulation should be simple and clear, based on cost-benefit analysis, aligned with international standards while reflecting local market characteristics, and proportionate to each entity’s risk. She also pointed to the need for coordination and coherence among regulatory institutions, described the CMF’s five-commissioner collegial structure, and noted the Senate’s ratification of Osvaldo Adasme, the General Director of Prudential Supervision, as a Commissioner. On ex-post impact studies, she referenced the CMF’s in-house researchers and the use of agreements with universities and research centres, while safeguarding information security and privacy.
Chile Financial Market Commission 2026-04-22
Chile Financial Market Commission chairwoman urges continuous regulatory review and prioritises ex-post impact assessments
The Chile Financial Market Commission published remarks by Chairwoman Catherine Tornel calling for a stable, principles-based and proportionate regulatory framework that adapts to market changes, is grounded in cost-benefit analysis, and aligns with international standards while reflecting local characteristics. She highlighted ex-post assessment of regulation as a key priority, underscored the need for coordination and coherence among regulatory bodies, and noted the Senate’s ratification of Osvaldo Adasme as Commissioner within the CMF’s five-member structure.