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    Latin America

    LATIN AMERICA | Moody’s Analytics is a long-standing provider of credit risk solutions in Latin America. Established in the region since 2008, we serve capital markets and risk management professionals in more than 50 institutions locally with market-standard credit risk solutions, professional services, and credit research.

    The company offers unique tools and best practices for measuring and managing risk through expertise and experience in credit analysis, economic research, and financial risk management at the national and subnational levels for Latin America. By providing leading-edge software, advisory services, and research, including the proprietary analysis of Moody’s Investors Service, Moody’s Analytics integrates and customizes its offerings to address specific business challenges. Our team of economists and data specialists produces the most up-to-date forecasts and data updates using processes refined through more than 20 years’ experience in national and subnational research, forecasting, and data collection.

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    Nearshoring and Potential Trade Triangulation

    The proliferation of more restrictive tariff policies along with emerging geopolitical events is producing a reconfiguration of global supply chains with the relocation of plants and investments to countries with geographical advantages and more market-friendly environments.

    April 2024 Pdf Alfredo Coutiño
    News

    BCBS Consults on Disclosure of Climate Risks, Issues Other Updates

    The Basel Committee on Banking Supervision (BCBS) launched consultation on a Pillar 3 disclosure framework for climate-related financial risks, with the comment period ending on February 29, 2024.

    December 18, 2023 WebPage Regulatory News
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    CMF Sets Out Requirements for Systemically Important Banks

    The Board of the Financial Market Commission (CMF) of Chile has approved resolution No. 2319 on the identification of systemic banks, in addition to setting out additional requirements for systemically important banks in Chile.

    March 31, 2023 WebPage Regulatory News
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    Pronosticando el riesgo crediticio para la industria de aviación

    El sistema de alerta temprana señaló un importante deterioro crediticio diez meses antes del anuncio de incumplimiento de pago de Avianca.

    March 2023 WebPage Anamaria Pieschacon, Maria Buitrago, Maxxie Tang
    News

    BCB Issues Multiple Announcements for Banks

    The Central Bank of Brazil (BCB) updated the Real Digital guidelines, announced the start of Real Digital Pilot Project “Pilot RD,”

    March 08, 2023 WebPage Regulatory News
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    Chilean Regulator Issues Multiple Regulatory Updates

    The Financial Market Commission (CMF) of Chile published, as part of the implementation process of the Fintech Law, regulations for registration in the Registry of Financial Services Providers as well as the authorization procedure for the investment advisory services.

    March 02, 2023 WebPage Regulatory News
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    CMF Updates Address Prudential Rules and Implementation of Fintech Act

    The Financial Market Commission (CMF) of Chile published liquidity requirements under Basel III, issued proposals for bank resolution and deposit insurance framework in Chile

    January 30, 2023 WebPage Regulatory News
    News

    BCB Outlines ESG Focus and Prudential Rules for Payment Activities

    The Central Bank of Brazil (BCB) published the revised prudential rules for payment activities made by certain financial institutions, a report that sets out deliverables in the area of environmental, social, and governance (ESG)

    December 21, 2022 WebPage Regulatory News
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    BCB Issues Updates on Basel Rules, Maintains CCyB at 0%

    The Financial Stability Committee of the Central Bank of Brazil (BCB) decided to maintain the countercyclical capital buffer (CCyB) for banks at 0%.

    November 21, 2022 WebPage Regulatory News
    News

    BCB Examines Stability of Financial Sector, Issues Other Updates

    The Central Bank of Brazil (BCB) published the financial stability report for the first half of 2022, issued new authorization rules for financial institutions, published a study on sustainable bond market, and announced the project execution of “LIFT Challenge—Real Digital” initiative.

    November 03, 2022 WebPage Regulatory News
    News

    CMF Proposes Liquidity Rules for Banks in Chile

    The Commission for the Financial Market (CMF) in Chile is seeking comments, until November 25, 2022, on establishing the general framework for the evaluation of liquidity adequacy of banks and the possibility of determining additional requirements for high-quality liquid assets.

    October 27, 2022 WebPage Regulatory News
    News

    CMF Consults on Methodology to Calculate Consumer Loan Provisions

    The Financial Market Commission (CMF) is consulting on a standardized methodology to calculate the provisions for consumer loans and contingent credits granted by banking institutions established in Chile.

    August 17, 2022 WebPage Regulatory News
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    BCB Assesses Financial Stability Updates Basel Rule on Credit Risk

    The Central Bank of Brazil (BCB) published the financial stability report and the Resolution No. 232, which amends Circular No. 3,809 and establishes procedures for recognition of mitigating instruments in the calculation of the portion of risk-weighted assets (RWA)

    August 09, 2022 WebPage Regulatory News
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    CMF Issues Updates on Open Finance and Debtor Information Management

    The Commissioners of the Financial Market Commission (CMF), along with the General Director of Prudential Regulation Luis Figueroa, highlighted the benefits of moving toward a regulated open finance framework.

    July 29, 2022 WebPage Regulatory News
    News

    CMF Amends Liquidity Regulations Under Basel Framework in Chile

    The Financial Market Commission (CMF) issued Circular No. 2,314, which amends the regulations that set liquidity requirements for banks in Chile.

    June 08, 2022 WebPage Regulatory News
    News

    BCB Updates Address Aspects of Basel Capital and Open Finance

    The Central Bank of Brazil (BCB) issued updates on the rule for standardized approach for credit risk, the countercyclical capital buffer (CCyB) rate for banks, and the joint resolution on interoperability in open finance.

    May 26, 2022 WebPage Regulatory News
    News

    CMF Consults on Basel Rules, Presents Roadmap to Address Climate Risks

    The Commission for the Financial Market (CMF) in Chile published capital adequacy ratios (as of February 2022, January 2022, and December 2021) for 17 banks and for the banking system.

    May 06, 2022 WebPage Regulatory News
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    CMF Designates Six Banks as Systemically Important

    The Board of the Financial Market Commission (CMF) decided that six banks retain their systemic status since the last assessment in March 2021.

    March 30, 2022 WebPage Regulatory News
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    BCB Issues Open Finance Rules, Announces Projects Selected Under LIFT

    The Central Bank of Brazil published resolutions on open finance and announced the projects that were selected under the Laboratory for Financial and Technological Innovations Laboratory (LIFT) initiative.

    March 24, 2022 WebPage Regulatory News
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    CMF Issues Updates on Basel Framework and Loan Guarantee Provisions

    The Commission for the Financial Market (CMF) in Chile published the capital adequacy ratios (as of December 2021) and updated provisions for the Guarantee Fund for Small and Medium-Size Entrepreneurs (FOGAPE).

    March 03, 2022 WebPage Regulatory News
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    BCB Issues Regulatory Updates and Summaries of Selected Tech Projects

    The Central Bank of Brazil (BCB) issued updates on the rule for standardized approach for credit risk, the countercyclical capital buffer (CCyB) rate for banks, and the projects selected in the Laboratory for Financial and Technological Innovations Laboratory (LIFT).

    February 25, 2022 WebPage Regulatory News
    News

    BCB Joins NGFS Committee, Invites Proposals on CBDC Use Cases

    The Central Bank of Brazil (BCB), along with the Bank of Italy, is now part of the Steering Committee of the Network for Greening the Financial System (NGFS).

    January 18, 2022 WebPage Regulatory News
    News

    CMF Issues FAQs on Rule for Incorporating ESG Considerations at Banks

    The Commission for the Financial Market (CMF) in Chile published multiple regulatory updates, including frequently asked questions (FAQs) on the recently issued General Rule No. 461, which incorporates sustainability and corporate governance aspects in the annual reports of supervised financial institutions.

    December 29, 2021 WebPage Regulatory News
    News

    BCB Publishes Regulatory and Technology Updates in December 2021

    The Central Bank of Brazil (BCB) announced that the National Monetary Council (CMN) approved Resolution 4,970, which regulates authorization process for the operation of financial institutions and will be effective from July 01, 2022.

    December 29, 2021 WebPage Regulatory News
    News

    FCA Finalizes Policy on Climate Disclosures of Regulated Entities

    The Financial Conduct Authority (FCA) has published two policy statements PS21/23 and PS21/24 confirming the final rules and guidance on climate-related disclosures for listed companies and for asset managers, life insurers, and pension providers.

    December 17, 2021 WebPage Regulatory News
    News

    CMF Issues Rule on ESG Disclosures and Tool to Compare Mortgage Loans

    The Commission for the Financial Market (CMF) in Chile released its new mortgage loan simulator as well as the General Rule No. 461, which incorporates sustainability and corporate governance issues in the annual reports of supervised financial institutions.

    November 26, 2021 WebPage Regulatory News
    News

    CMF Updates Compendium of Accounting Standards for Banks

    The Commission for the Financial Market (CMF) in Chile published an updated version of the Compendium of Accounting Standards for banks, in addition to the adjustments to certain files of the Information System Manual for banks.

    November 03, 2021 WebPage Regulatory News
    News

    BCB Issues Rules on Open Banking and Climate Risk Disclosures

    The Central Bank of Brazil (BCB) published the Resolution No. 138 that sets out the scope of data and services for Phase 4 of open banking.

    September 15, 2021 WebPage Regulatory News
    News

    CMF Issues Regulations on Submission of Credit Information

    The Commission for the Financial Market (CMF) in Chile has issued two regulations that improve information of debtors in the financial system.

    September 15, 2021 WebPage Regulatory News
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    CMF Consults on Systemic Importance Index and Accounting Compendium

    The Commission for the Financial Market (CMF) in Chile is consulting to adjust the description of sub-factors used to calculate the index of systemic importance of banks, in accordance with the Chapter 21-11 of the Updated Compilation of Rules for Banks (RAN).

    August 26, 2021 WebPage Regulatory News
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