HOME

TheInfoList



OR:

The Superintendencia Financiera de Colombia (SFC) is the Colombian government agency responsible for overseeing
financial regulation Financial regulation is a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the stability and integrity of the financial system. This may be handle ...
and market systems in order to preserve stability, security and confidence, and to promote, organize and develop the securities market. It is also mandated to provide investor protection for depositors and policyholders.


History

The agency was established in 1923 as a banking regulator, by Law 45. Article 19 of this law appointed a Chief Superintendent of Banking to head the agency and charged him with the monitoring of all banking institutions. In 2005, the agency was merged with the securities regulator, with the added functions of inspection, monitoring and control of persons involved in the following sectors: financial, securities, insurance and any other related to the management and investment of resources collected from the public.


References

Colombia Colombia (, ; ), officially the Republic of Colombia, is a country in South America with insular regions in North America—near Nicaragua's Caribbean coast—as well as in the Pacific Ocean. The Colombian mainland is bordered by the ...
Government agencies of Colombia Finance in Colombia {{bank-stub