Information

Mission

  • Identify and analyze trends and ongoing events that affect the appropriate functioning of financial markets in Latin America.
  • Explore the spectrum of short and long term implications of emerging problems and policy changes.
  • Help develop private and regulatory responses to shocks in order to promote the efficiency and safety of the financial services industry in the region.
  • Assess and respond to public policy initiatives that affect financial markets.

Objetive

To raise the level of debate on regional/international public policies and developments affecting the safety and efficiency of Latin American financial markets largely through its policy statements and their underlying analytical reasoning.

Topics

  • International Macro-Finance in Latin America and the international financial architecture.
  • Universal banking and bancassurance.
  • Development of capital markets in Latin America.
  • Banks and derivatives.
  • Electronic payment services by non-bank financial institutions.
  • Supervision of financial conglomerates and non-bank financial institutions.
  • Capital requirements.
  • State ownership and/or support of financial institutions.

Meetings and policy statements

The Committee meets two times a year. At the end of each meeting, the Committee produces a policy statement in order to fulfill its objective.

Independence and Funding

The conclusions and recommendations by CLAAF are its own.

The Committee is fully independent of itsproviders, regulators and supervisors of the financial industry in Latin America orelsewhere. Weexpress our gratitude to the Development Bank of Latin America (CAF), the Latin American Reserve Fund (FLAR), the Central Bank of Chile and the Bank of the City of Buenos Aires due to their financial support.


Membership

CLAAF is composed by top Latin American economists, highly recognized by their expertise on Latin American financial issues and markets. The Committee is willing to accept a non-Latin American member only if the specific and unique qualification of the member warrants the exception.