Chile’s Financial Market Commission published its 2022–25 Institutional Management Report and an update on delivery of the 2023–26 Strategic Plan, with Chairwoman Solange Berstein reporting overall progress of more than 85% against the plan’s objectives and initiatives. The CMF framed the update around its regulatory and supervisory perimeter of more than 8,000 financial institutions, representing USD 650 billion in assets (around 1.9 times Chile’s GDP), and reiterated its prudential and conduct mandates. Within its market development mandate, it highlighted the use of private-sector working groups and an open call for proposals to support a deeper and more inclusive capital market and greater public understanding of the CMF’s role. Looking ahead, the CMF identified near- and medium-term challenges including implementation of the Fintech Act, particularly the Open Finance System, and the rollout of the Consolidated Debt Registry (REDEC), which becomes effective in April 2026. It also pointed to further adoption of artificial intelligence for risk measurement and monitoring and continued development of its supervisory technology model to support oversight of an expanded perimeter that includes fintech.
Chile Financial Market Commission 2026-01-16
Chile Financial Market Commission reports over 85% progress on its 2023–26 Strategic Plan and sets priorities for Open Finance and REDEC implementation
Chile’s Financial Market Commission (CMF) reported over 85% progress on its 2023–26 Strategic Plan, emphasizing regulatory oversight of over 8,000 financial institutions with USD 650 billion in assets. The CMF highlighted initiatives for a deeper capital market and public engagement, and identified challenges such as implementing the Fintech Act and the Consolidated Debt Registry by April 2026. It also plans to enhance AI use for risk monitoring and develop its supervisory technology model.