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ARTICLE · 15 SEPTEMBER 2026

CMF Launches Public Consultation On New Framework For Internal Methodologies Applicable To Credit Risk Provisions And Capital Requirements

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Chile's Financial Market Commission has proposed a comprehensive regulatory framework that would allow banks to develop internal methodologies for calculating credit risk provisions and capital requirements, marking a significant step toward Basel III alignment. The proposal introduces a tiered system distinguishing between basic and advanced methodologies while establishing clearer authorization processes and updating the country's provisioning model. Banks would face a gradual implementation timeline exte

ChileFinance and Banking
Fernando Noriega
Fernando Noriega
Alejandro Toro
Alejandro Toro

On August 3, 2026, the Chilean Financial Market Commission (“CMF”) launched a public consultation on a regulatory proposal that would introduce a new Chapter 21-9 of the Consolidated Regulatory Compendium for Banks (“RAN”) and amend Chapters 21-1 and 21-6 of the RAN and Chapter B-1 of the Compendium of Accounting Standards (“CNC”).

The proposal seeks to establish a comprehensive regulatory framework for banks to develop and use internal methodologies (“IMs”) to calculate provisions and risk-weighted assets for credit risk capital requirements, as part of the ongoing enhancement of Chilean regulation in line with Basel III standards and international best practices.

Key highlights:

New framework for internal methodologies:

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