02245cas a2200241 a 4500 AALejournalIMF016281 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513531687 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Chile : Technical Assistance Report-Forming an Integrated Supervisory Authority. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (43 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Technical Assistance Report paper on Chile advices on the planned integration of the superintendency for banking supervision, Superintendencia de Bancos y Instituciones Financieras (SBIF), into the Comision para el Mercado Financiero (CMF). While the approved Bills contain important enhancements to the governance and regulatory framework, several legal aspects would benefit from further clarification. These include aspects related to the mandate, objectives, powers, and governance of the CMF. This report discusses the mission's main observations and recommendations regarding the integration of the SBIF into the CMF. The report also provides an overview of the existing supervisory architecture and discusses the legal mandate, objectives, and powers of the new CMF, followed by a discussion on the governance arrangements that existed prior to the integration and of the main changes brought in the Law recently approved. It also discusses a possible blueprint for the organizational structure of the new CMF aimed at realizing the desired synergies in the supervision function and strengthening conglomerate supervision. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2020/056 Full text available on IMF http://elibrary.imf.org/view/journals/002/2020/056/002.2020.issue-056-en.xml IMF e-Library