Written by: Mariana Posse and Pablo De La Torre
The Colombian Constitution establishes the general regulatory framework and the principles that contain the capacities and specific responsibilitiesofthe entities, creatingabroadandcomplexstructure of financial regulation.
The Constitution establishes that the enactment of laws related to financial activities, should be made through master laws enacted by the Colombian Congress. These laws are characterised by setting objectives, principles and general regulations that subsequently the government (the president of Colombia and the minister of the respective sector) develop through regulatory activity…