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Banking Regulations and Laws in Chile

The Central Bank of Chile plays a crucial role in ensuring the stability of the currency and normal functioning of internal and external payments. As an autonomous technical body with constitutional rank, it has been granted broad regulatory powers in monetary, credit, financial, and international exchange matters.

Economic Rules

The legal framework and regulations issued by the Central Bank constitute economic public policy regulations, which are mandatory for economic activities. The rules take the form of agreements, circulars, and resolutions, and are communicated through various channels.

Circulars and Circular Letters

  • The Central Bank issues circulars to inform the public of regulatory changes and modifications to existing regulations.
  • Circular letters provide operational or particular instructions to specific entities, such as banks, pension fund administrators, and insurance companies.

Board Agreements

The Board of Directors is responsible for exercising the powers and fulfilling the duties entrusted to the Central Bank by law. The board adopts agreements at meetings held in accordance with established rules and quorum requirements.

Official Transcripts

  • The Central Bank publishes official transcripts of agreements or resolutions adopted by the Board, which are certified by the Minister of Finance.
  • These transcripts are published for public dissemination and notification purposes.

Internal Regulations

The Board has the authority to issue internal regulations for its proper functioning and that of the bank. It also approves staff regulations and issues general rules governing bank operations.

Latest Publications

The Central Bank has recently published several important notices, press releases, presentations, and circular letters related to its regulatory activities. These include information on:

  • Special operations programs
  • Macro-financial environment reports
  • Updates on monetary policy

By ensuring compliance with these regulations and laws, the Central Bank of Chile plays a vital role in maintaining financial stability and promoting economic growth in the country.