Colombia: Technical Assistance Report-Open-Ended Fund Liquidity

Summary

At the request of the Financial Superintendency of Colombia (SFC), the Financial Regulation Unit of the Ministry of Finance and Public Credit (URF), and Banco de la República (BanRep), a Monetary and Capital Markets (MCM) Department mission visited Bogotá, Colombia from March 10 to March 14, 2025. The mission met with senior representatives of the authorities and a range of market participants from the private sector. The purpose of the mission was to assist the authorities in identifying potential improvements to the framework for liquidity risk management of open-ended investment funds (OEFs). In carrying out this analysis and developing the corresponding recommendations, the mission took into account the latest developments in international standards and best practices, notably the work of the Financial Stability Board (FSB) and the International Organization of Securities Commissions (IOSCO), as well as the specificities of Colombian capital markets in general and its OEF sector in particular.