Publications - Banking and Finance
Colombia aims to promote the use of small-scale distribution channels for financial products
The Colombian government released a technical document analyzing ways to extend the use of financial services, promoting access to technological innovation.
Regulations are issued on the use of cloud computing for financial services in Colombia
In response to the digital transformation of services for the storage, processing and use of data, and to promote the use of cloud computing for the provision of financial services, the Colombian Finance Authority (Superintendencia Financiera de…
These are Spain's measures to prepare for a no-deal Brexit in the fields of employment, judicial cooperation, financial services and customs
The Spanish government has adopted a range of contingency measures to prepare for the event of the United Kingdom leaving the European Union without an agreement on March 30, 2019. They are temporary measures approved through Royal Decree-Law 5/2019…
New draft external circular regulates payments with QR codes in Colombia
The Colombian Finance Authority has published Draft External Circular No. 03 of 2019 with the aim of promoting alternative ways to make electronic payments, consolidating the standardization and interoperability of payments systems, continuing the…
Colombia: financial institutions can invest in fintech companies
In order to maximize the benefits that innovation brings to the finance industry and thereby to increase people’s access to financial services, the Colombian Ministry of Finance issued Decree 2443 of 2018, authorizing credit establishments,…
Colombia: financial institutions can invest in fintech companies
In order to maximize the benefits that innovation brings to the finance industry and thereby to increase people’s access to financial services, the Colombian Ministry of Finance issued Decree 2443 of 2018, authorizing credit establishments,…
New rules issued for authorizing savings and deposit products in Colombia
In order to issue instructions regarding the rules for authorizing regulations for products from the electronic savings and deposit sections, and the mechanisms for resolving bridge banks, the Colombian Finance Authority (SFC) has issued External…
Euribor: a death foretold
Euribor reform is still in motion and will bring changes with an impact on the financial wholesale and retail markets, from financial, operating and systems, and commercial standpoints. Care is also needed to avoid serious legal risks.
The Colombian Congress considers a bill to regulate the use of cryptocurrencies
Proposed Law 028/2018 has come before the Colombian Congress, seeking to regulate the use of cryptocurrencies and cryptocurrency transactions in Colombia and to lay down measures to safeguard, monitor, inspect and oversee these types of transactions.
Green loans: clear contractual rules for sustainable environmental loans
What exactly is a green loan? The term is being used in banking and finance news, in which the common denominator is the funding of renewable energy, energy efficiency, prevention and control of contamination, 'clean' transport and other…
Cross-border bank mergers: getting ready for change
The past ten years have brought about significant concentration in the domestic banking sector but cross-border banking mergers and acquisitions although they would improve the geographic diversification of risk and help bolster banks’…
Urban Rail Transit Vehicles Investment Projects are Facing Capacity Monitor
On March 9, 2018, the General Office of the National Development and Reform Commission (NDRC) released the Circular on Issues Relating to Strengthen the Monitor of Urban Rail Transit Vehicles Investment Projects ([Fa Gai Ban Chan Ye [2018…