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The Financial Superintendence of Colombia Joins SBN

June 03,2019

The Superintendencia Financiera de Colombia (SFC) joined the SBN community in September 2018. The SFC is the Colombian government agency responsible for overseeing financial regulation and market systems in order to preserve stability, security and confidence, and to promote, organize and develop the securities market. Colombia launched the Green Protocol (Procotolo Verde) in 2012 by the Asobancaria (Colombia Banking Association – also a SBN member), and the Ministry of Environment and Sustainable Development. In 2016, Asobancaria released the General Guidelines for the Implementation of Environmental and Social Risk Analysis. Colombia’s national sustainable finance framework is rated at the “established” stage by the SBN 2018 Global Progress Report. SFC is monitoring the green finance market developments in Colombia. In the next couple of years, they plan to identify the adequate interventions that keeps mobilizing green finance and develop policies that better align the financial system with sustainable development.