Chile:
Superintendent Of Banks And Financial Institutions Issues New Regulation
13 March 2018
by
Daniel J. McLoon
,
Mauricio Paez
,
Richard Johnson
,
Jonathon Little
,
Todd McClelland
,
Jeff Rabkin
,
Lisa M. Ropple
,
Adam Salter
,
Michiru Takahashi
,
Undine Von Diemar
,
Olivier Haas
,
Jörg Hladjk
and
Anand Varadarajan
Jones Day
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On January 24, the Superintendent of Banks and Financial
Institutions (Superintendencia de Bancos y Instituciones
Financieras) issued (source document in Spanish) a
regulation requiring financial entities to incorporate certain
cybersecurity steps into managerial policies. The entities must now
disclose logical information assets considered critical to the
business operation and to the financial system. In addition, the
regulation encourages financial institutions to develop secure
practices without intervention or mandates from the government.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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