On October 10 and 11, the 43rd Latin American Congress on Financial Development (COLADE) took place, bringing together experts and professionals from the financial sector in a space for dialogue and learning. Quijano & Asociados had the honor of being a sponsor of this event, where our Partner Oliver Muñoz and Senior Associate Luis Miguel Rojer represented the firm.

Key Topics of the Congress

The congress covered a variety of crucial topics that are shaping the future of financial development in the region. Among the most notable, the following were discussed:

1. European Regulation on Cryptoassets: EU MiCA Regulation
   This regulation, which aims to establish a regulatory framework for cryptoassets in Europe, was analyzed in depth. The MiCA regulation has the potential to influence how companies manage and regulate cryptocurrencies in the Latin American context.
2. Challenges of Central Bank Digital Currencies (CBDCs)
   Digital currencies issued by central banks are under scrutiny in many countries. The impacts these currencies may have on commercial banking were addressed, ranging from competition to financial stability.
3. Regulation of Open Banking / Open Finance
   The phenomenon of Open Banking is transforming the relationship between consumers and financial institutions. The congress explored the implications of this trend and the need for an appropriate regulatory framework.

The 43rd COLADE was a space for reflection and collaboration. The discussions not only underscored the importance of adapting to changes in the global financial environment but also offered opportunities to innovate and improve the services provided to clients.

We thank the organizers for this invaluable event, as well as our Partner Oliver Muñoz and Senior Associate Luis Miguel Rojer for their representation and contributions. At Quijano & Asociados, we remain committed to the development of the financial sector in Latin America and to promoting a regulatory environment that fosters innovation and sustainability.

We eagerly await the next COLADE and the new opportunities it will bring!