The Chile Financial Market Commission (CMF) held its Annual Conference to commemorate 100 years of banking regulation and supervision in Chile, bringing together CMF leadership, the Minister of Finance and an International Monetary Fund speaker to discuss the past, present and future of banking supervision. CMF Chairwoman Solange Berstein pointed to progress on implementing Basel III standards amid high market volatility, and highlighted work stemming from the Fintech Act including the creation of the Registry of Financial Services Providers and advances in implementing the Open Finance System. She also identified remaining priorities including implementation of the Consolidated Debt Registry, legislation to establish banking resolution mechanisms, and further development of the deposit insurance framework. IMF Deputy Chief Dirk Jan Grolleman focused on global supervisory challenges, including growing interconnections between banks and non-bank financial entities and uneven Basel III implementation timelines across jurisdictions. The conference programme also included two moderated discussion panels with former financial authorities and industry representatives, and a workshop day on June 26 featuring research on topics including household debt behaviour and financing costs, climate risks, credit-market policy transmission, and banking interconnection and tools for predicting credit risk.

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