The Individual Credit Limit Regime for Entities Other than Credit Institutions: A Paradigm Shift?

Financial Services attorney Juan Felipe Fontecha wrote an article for Lexir exploring the significant changes brought by the 2022 Decree 1533 to the regulation of credit concentration risk in Colombia. This decree extends the Colombian financial superintendence's oversight to entities not previously subject to credit risk regulation, requiring them to implement stringent controls to prevent excessive credit exposure. Mr. Fontecha emphasized the need for these entities to overhaul their risk management strategies and introduce rigorous monitoring and analysis practices to effectively navigate the new regulatory landscape.

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