Central Bank calls for review of cybersecurity regulatory framework and warns of external risks | National



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In its report on financial stability, the central bank aimed to review the regulatory and supervisory framework for cybersecurity.

The issuing entity indicated that among the threats to stability Chilean Financial Report, "continues to highlight those related to a sharp adjustment of external financing conditions" .

This report on financial stability refers to the second half of 2018, when the Central Bank pointed out that in terms of financial stability, those linked to a sharp adjustment of external financing conditions, deficit reduction domestic banks' own funds and the growth of non-bank credit without consolidated debt information stand out.

internal and external payment systems have not recorded any major disruption, some developments they must be monitored, such as cybersecurity.

Thus declared the president of the Central Bank, Mario Marcel .

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At the same time, the report includes a special chapter on cybersecurity, which poses future challenges for regulators, with a view to refining the regulatory and supervisory framework in this area. In addition, it invites private sector financial institutions to continuously check whether the cyber security risks they are exposed to are well managed.

All this in the context of the implementation of the new general banking law, as previously stated. Director of the Financial Policy Division of the Central Bank, Solange Berstein .

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In this regard, the government has a program in this area: the project computer crimes law, the announcement of a presidential document on cyber security for the state, as well as the project on personal data.

At the time of badysis, the Minister of the Economy, José Ramón Valente indicated that the country was properly confronted with the problem of cybersecurity.

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Regarding the evolution of household debt, the Central Bank reported an increase in the percentage of households saved and reduction in the percentage of those with debts and a significant increase in the level of indebtedness and the financial burden of indebted households.

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