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The federal government and the personal sector in Colombia are becoming a member of forces to drive vital reforms within the capital market.
These reforms goal to enhance each liquidity and entry, reflecting a shared dedication to evolving market dynamics.
César Ferrari, the nation’s monetary superintendent, stresses the significance of the capital market in fueling Colombia’s financial and social development.
As well as, he urges each market participant to play an energetic position on this technique of enhancement.
Key gamers from the Central Financial institution, Ministry of Finance, Monetary Superintendence, Colombia Inventory Trade, and banking and securities associations convened just lately.
The main target was on refining a set of regulatory proposals quickly to be launched for public remark.
These proposals goal key areas for enchancment. Updates contain brief promoting guidelines, dynamic spot transactions, common securities lending pointers, and enhancing liquidity creation.
Modifications embody revising issuer recognition, easing entry to issuance, broadening securities financing scope, and aligning bond issuance.
Monetary Superintendence plans to revise laws for simplified engagement in low-value transactions and digital order routing, aligning with market accessibility targets.
Ferrari encourages advisors within the personal sector to information their purchasers by means of the varied alternatives accessible within the securities market.
This effort is geared toward growing Colombian funding and financial savings charges.
Monetary System Overview
On the finish of December 2023, the monetary system reported complete belongings of COP$2.915 trillion.
Nevertheless, this represents a modest actual progress of 0.5% and a extra vital nominal progress of 9.8% over the earlier yr.
Complete belongings embody COP$1.421 trillion (48.8%) owned by regulated entities and the remainder in third-party belongings, together with custody.
Belief corporations emerge because the dominant asset managers within the monetary system, controlling COP 978.9 billion.
This accounts for 65.5% of third-party assets and 33.6% of the system’s complete belongings, with COP297.1 billion in securities custody.
Briefly, the ratio of complete belongings to GDP is now at 185.4%, indicating the monetary sector’s vital scale relative to the nationwide financial system.
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