Chile

Extends Bank Governance Consultation to June 10, 2026

The Financial Market Commission (CMF) of Chile has extended the public consultation period for its regulatory proposal on bank management assessments, covering corporate governance and recovery planning. The comment period, originally closing on April 17, 2026, is now open until June 10, 2026. The extension responds to an industry request citing the proposal's complexity and significant potential impact on the banking sector.

Insurance Regulation Simplification Proposal - CMF Chile Consultation

The Financial Market Commission of Chile published for public consultation a regulatory proposal amending insurance market regulations. The proposal streamlines compliance by repealing requirements for insurance and reinsurance companies to submit lists of authorized persons, notarized powers of attorney, and representative signature samples to the CMF, as this information is already available to the regulator. It also eliminates similar submission requirements for foreign reinsurers and replaces official notices on Discount Rate Vector, Market Rate, Adjustable Insurance Unit, and Discount Rate with website publications.

CMF Fines Deloitte UF2,000, Partner UF1,000

The Financial Market Commission (CMF) Board sanctioned Deloitte Auditores y Consultores Limitada with a fine of UF 2,000 and its partner Roberto Leiva Casas-Cordero with a fine of UF 1,000 for breaching the Law on the Securities Market and Generally Accepted Auditing Rules (NAGAs). The deficiencies involved auditing work performed on Primus Capital S.A.'s financial statements as of December 2022, including failures in obtaining and assessing audit evidence, inadequate work documentation, and insufficient professional skepticism.

Consults Foreign Reinsurance for Life Annuities

Chile's Financial Market Commission (CMF) has published for public consultation a regulatory proposal on reinsurance operations for life annuities through foreign entities. The proposal draws on best practices from the United Kingdom, United States, Bermuda, and the Netherlands, and aims to strengthen the sustainability and resilience of the Chilean life annuity market. The CMF is accepting feedback for an eight-week period.

Motor Vehicle Repair Claims Average 52.3 Days, July-December 2025

Chile's Financial Market Commission (CMF) published statistical data on motor vehicle repair claims for July-December 2025. The average repair time for motor vehicle claims was 52.3 days during this period. The report provides industry-wide performance metrics for the Chilean insurance sector.

CMF Chair Catherine Tornel on Market Development Mandate and Basel III Internal Models

CMF Chairwoman Catherine Tornel addressed the CLAPES UC Seminar on the Commission's Market Development Mandate. The CMF announced it will promote internal model development within Chile's banking system under Basel III, transitioning from standardized credit risk models to bank-specific models subject to CMF validation. This reflects the CMF's effort to embed the Market Development Mandate into its institutional culture.

CMF to Publish Interest Rates April 15

The Financial Market Commission (CMF) of Chile announces it will publish interest rate information on April 15. This is a routine press release providing notice of an upcoming regulatory publication, likely related to banking or consumer lending interest rate data.

CMF Removes Regulatory Barriers for Repo, Securitization Markets

Chile's Financial Market Commission (CMF) issued regulation removing regulatory barriers for repo and securitization markets. The regulation underwent two public consultations and received prior favorable agreement from the Board of the Central Bank of Chile. This action advances the CMF's Market Development Mandate.

CMF Files Charges Against Three Predatory Loan Apps for Alleged Usury

Chile's Financial Market Commission (CMF) announced it will file charges against three mobile applications offering loans for alleged usury. The apps are available for download on Google Play and other websites. The CMF stated these applications were operating as predatory lenders in violation of Chilean financial regulations.

CMF Charges Four Entities for Loan Fraud Scheme

Chile's Financial Market Commission (CMF) announced it will file charges against four entities operating loan websites for alleged fraud. The entities falsely claimed to be supervised by CMF while requesting advance payments for loans that never materialized. This enforcement action targets unauthorized lending operations and protects consumers from financial scams.

CMF launches financial education campaign on means of security, authentication to prevent fraud

Chile's Financial Market Commission (CMF) launched a financial education campaign in the Ñuble Region focused on fraud prevention through security measures and authentication tools. The initiative targeted senior citizens and students with practical guidance for safely navigating digital financial environments.

Amendment to Banking Service Externalization Regulation

Chile's Financial Market Commission (CMF) published for public consultation a proposed amendment to the regulations governing service externalization by banks and financial institutions. The proposal seeks to update outsourcing requirements, including risk management, due diligence, and contractual obligations for third-party service providers. Financial institutions subject to CMF supervision will be affected once the amendment is finalized.

Securities Suspension of Clínica Las Condes S.A.

Chile's Financial Market Commission (CMF) has suspended quotations and transactions of Clínica Las Condes S.A.'s public securities. The enforcement action halts all trading in the healthcare company's securities until April 15, 2025. This marks a significant intervention in the capital markets affecting investors holding positions in Clínica Las Condes.

Consultation on Financial Operation Authentication Requirements

Chile's Financial Market Commission (CMF) has published a consultation on proposed authentication requirements for financial operations. The proposal aims to ensure clients who face difficulties adapting to authentication methods other than coordinate cards can continue conducting financial transactions. The consultation has an August 2025 deadline for comments.

CMF Extends Suspension of Konsegur Seguros de Garantías y Crédito S.A.'s Management

Chile's Financial Market Commission (CMF) extended for three months the suspension of Konsegur Seguros de Garantías y Crédito S.A.'s management. Chairwoman Catherine Tornel also extended Mr. Robert Rivas Carrillo's appointment as the company's administrator for the same period. The enforcement action continues regulatory oversight of the insurer under CMF administration.

Systemically Important Banks Annual Qualification

Chile's Financial Market Commission (CMF) published its annual requalification of systemically important banks based on December 2025 data. Six Chilean banks retained their designation as domestic systemically important banks (D-SIBs), with capital surcharges of 1.0% to 2.5% of risk-weighted assets required under Basel III standards.

Banking and Cooperatives Performance Report

Chile's Financial Market Commission (CMF) published its monthly performance report covering supervised banks and cooperatives as of February 2026. The report provides aggregate financial data including loan portfolio quality, capitalization levels, and profitability metrics for Chile's banking sector. This is a routine supervisory transparency publication with no new regulatory requirements.

CMF Reports Claims Exceeding CLP 106 Billion in Banks and Cooperatives

The Chilean Financial Market Commission (CMF) reported that claims against supervised banks and cooperatives have exceeded CLP 106 billion. This report highlights the significant volume of claims processed within the Chilean financial sector.

Chile Central Bank Operations Program

The Central Bank of Chile has announced its operations program for the week of March 23-27, 2026. This notice provides a schedule of planned financial operations for the specified period.

Central Bank of Chile Monetary Policy for Inflation Control

The Central Bank of Chile outlines its monetary policy framework, which aims to maintain low and stable inflation around a 3% target for the Chilean Peso. The policy utilizes inflation targeting complemented by a flexible exchange rate regime to anchor economic expectations.

Chile Central Bank Financial Stability Mandate and Publications

The Central Bank of Chile outlines its financial stability mandate, which involves reducing systemic risk in the financial sector through prudential and foreign exchange regulation. It also details its regular publications, such as the Financial Stability Report, and coordination mechanisms with other regulators.

Chile Central Bank Research Publications and Events

The Central Bank of Chile has updated its research section, providing links to various publications, including research documents, financial series, discussion notes, and macroeconomic models. It also lists upcoming events such as conferences, seminars, courses, and workshops related to economics and finance.

Page Not Found - Comisión para el Mercado Financiero

The Comisión para el Mercado Financiero (CMF) in Chile has indicated that the requested page is unavailable. Users are advised to use the site's search or navigation features to find the required information.

CMF Adjusts Leadership of General Directorates

The Chilean Financial Market Commission (CMF) announced adjustments to its leadership structure, with several key directors stepping down. This internal organizational change aims to optimize the CMF's operational efficiency and strategic direction.

Financial Market Commission Website Page Not Found

The Financial Market Commission (CMF) of Chile has indicated that a requested page on its website is unavailable. Users are advised to use the site's search function or navigation options to find the required information.

CMF Updates Mutual Funds Portal with December 2025 Data

The Chilean Financial Market Commission (CMF) has updated its Mutual Funds Portal with data as of December 2025. The portal provides information on profitability, costs, and portfolios for mutual funds.

CMF Sanctions Cooperative for Charging Excessive Interest

Chile's Financial Market Commission (CMF) has sanctioned a Savings and Credit Cooperative for violating the maximum conventional interest rate. The cooperative received a censure, indicating a breach of financial regulations designed to protect consumers.