FOREX TradingCharts.com

Financial News: COLOMBIA: Santos Signs Act To Regulate Financial Conglomer

COLOMBIA: Santos Signs Act To Regulate Financial Conglomerates Activities

09/28/2017 - 17:02:00 (RTTNews)

(RTTNews) - Colombia's President Juan Manuel Santos has signed the financial conglomerates act, which aims at the strengthening of regulation and supervision of conglomerates or financial groups operating in the South American country.

According to the Colombian Minister of Finance, Mauricio Cardenas, the new act requires that "all conglomerates or financial groups manage a sufficient level of capital to support the risks of their activity. Additionally, it provides the monitoring and empowers the regulatory entity to reorganize these conglomerates, authorize their investments and even revoke operating licenses."

Colombian officials believe that the act will provide to the clients of banks and financial institutions greater guarantee on their resources.

Cárdenas stressed that the act is in line with recommendations from several international bodies, such as the Organization for Economic Co-operation and Development (OECD), the World Bank and the International Monetary Fund (IMF).

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Japan Supermarket Sales Decline In September (18 min(s), 20 sec(s) ago)
(RTTNews) - Japan's supermarket sales dropped in September from a year ago, a report from the ...Full Story»

Australia's Consumer Confidence Improves (25 min(s), 40 sec(s) ago)
(RTTNews) - Australia's consumer confidence rebounded during the week ended October 22, a week ...Full Story»

Japan Manufacturing PMI Slows In October - Nikkei (11 min(s), 40 sec(s) ago)
(RTTNews) - The manufacturing sector in Japan continued to expand in October, albeit at a slightly ...Full Story»

ARGENTINA: Merval Climbs 3.06% After Ruling Coalition Election Triumph (06 min(s), 40 sec(s) ago)
(RTTNews) - Merval, the main index of the Buenos Aires Stock Exchange, surged 3.06% Monday, closin ...Full Story»

BRAZIL: Caution With Politics Dictates Stock Market Tone (55 min(s), 40 sec(s) ago)
(RTTNews) - Ibovespa, the benchmark stock index in Brazil, fell 1.27% Monday, closing at 75,413.12 ...Full Story»

VENEZUELA: CNE Did Not Receive Formal Challenge To Electoral Process (37 min(s), 40 sec(s) ago)
(RTTNews) - Venezuela's National Electoral Council (CNE) director Tania D 'Amelio said tha ...Full Story»

COLOMBIA: Colcap Drops 0.32% On Fears Of Possible U.S. Rate Hike (22 min(s), 40 sec(s) ago)
(RTTNews) - Colcap, the main index of the Colombian Stock Exchange, fell 0.32% Monday, closing at ...Full Story»

VENEZUELA: Country And China Strengthen Strategic Alliance In Energy (13 min(s), 40 sec(s) ago)
(RTTNews) - Venezuela and China strengthened their strategic alliance in energy, primarily aiming ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Japan Supermarket Sales Decline In September

10/24/2017 - 01:15 AM (RTTNews)
(RTTNews) - Japan's supermarket sales dropped in September from a year ago, a report from the ...Full Story>>

Australia's Consumer Confidence Improves

10/23/2017 - 23:59 PM (RTTNews)
(RTTNews) - Australia's consumer confidence rebounded during the week ended October 22, a week ...Full Story>>

Japan Manufacturing PMI Slows In October - Nikkei

10/23/2017 - 20:45 PM (RTTNews)
(RTTNews) - The manufacturing sector in Japan continued to expand in October, albeit at a slightly ...Full Story>>

ARGENTINA: Merval Climbs 3.06% After Ruling Coalition Election Triumph

10/23/2017 - 20:40 PM (RTTNews)
(RTTNews) - Merval, the main index of the Buenos Aires Stock Exchange, surged 3.06% Monday, closin ...Full Story>>

BRAZIL: Caution With Politics Dictates Stock Market Tone

10/23/2017 - 20:29 PM (RTTNews)
(RTTNews) - Ibovespa, the benchmark stock index in Brazil, fell 1.27% Monday, closing at 75,413.12 ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.