Chile is working on legal standards to regulate the Fintech sector

The Chilean Ministry of Finance will be advised by Rosario Celedón and Ana María Montoya, specialists in competition and financial regulation

 

In Chile they are speeding up the development of a regulatory framework for Fintech and Open Banking. To this end, the Ministry of Finance will be advised by Rosario Celedón and Ana María Montoya, specialists in competition and financial regulation. This was reported by El Economista América.

 

As explained in that publication, Celedón and Montoya Bitcoin Evolution in the formulation of measures, also taking into account the precedents in the European Community, United Kingdom, Australia, Brazil and Mexico.

 

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Finance Minister Ignacio Briones said: „This is the natural step after financial portability. We want to inject more competition into the financial sector, promote the delivery of innovative and customer-focused financial services, which will give customers greater control over their financial information, and thus better manage their finances, at lower costs and with better services“.

 

About Rosario Celedón

Among other things, Rosario Celedón is a lawyer from the University of Chile and has a Master of Laws from the University of Berkeley, California, USA. She worked as a commissioner for the Financial Market Commission. Before that, she worked as coordinator of Capital Markets at the Ministry of Finance during the first term of President Sebastián Piñera, and as head of the cabinet of the Superintendence of Securities and Insurance.

 

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About Ana María Montoya

Among other things, Ana María Montoya is a commercial engineer, an economist from the University of Chile and has a Master’s degree in Public Policy. She also holds a master’s degree in industrial economics from the Universidad Carlos III de Madrid and a PhD in economics from the Universidad de Barcelona.

 

She is a partner and consultant on economic issues at Butelmann and consultants, and a researcher at the Faculty of Industrial Engineering at the University of Chile. She previously worked as Chief Economist of the National Economic Prosecutor’s Office.