Ministry of Finance leads first sessions of the Capital Markets Advisory Council and Financial Stability Council
Minister Jorge Quiroz led, respectively, the first meetings of the Capital Markets Advisory Council and the Financial Stability Council, bodies that address capital market development and coordination among regulators to safeguard the stability of the national financial system.
On Friday, April 24, the first meeting under the current administration of the Capital Markets Advisory Council (CCMC) and the Financial Stability Council (CEF) took place. The session was chaired by Finance Minister Jorge Quiroz and marks the beginning of a coordination agenda for the development of the national financial system during this period.
The meeting highlighted the work of the Capital Markets Advisory Council, a body tasked with deepening technical dialogue between the public and private sectors. This council is led by its president, Mauricio Larraín Errázuriz, and vice president, Guillermo Larraín Ríos, and includes participation from a panel of 21 other specialists with recognized expertise in academic, legal, and financial fields.
Minister Jorge Quiroz underscored the value of this group, stating that "the dynamism of this council is fundamental to modernizing our financial architecture, allowing the capital market to become an engine of social and economic progress that responds to Chile's productivity challenges."
Additionally, the Financial Stability Council also convened, whose mission is to safeguard the integrity and soundness of the system. This council is comprised of the Ministry of Finance, which chairs it, together with the Central Bank, the Financial Market Commission (CMF), and the Pension Superintendence.
Regarding this joint work, the minister affirmed that "maintaining continuity of these coordination bodies is a priority. The Financial Stability Council allows us, together with regulators, to share a common vision of the national and international economic landscape, which is fundamental for coordinated action."
With this start to their work, the Ministry of Finance reaffirms its commitment to advancing a financial agenda that strengthens the country's institutional framework, with the aim of providing Chile with a deeper and more competitive capital market.