Chile Pension Regulator

Chile's pension regulator is intensifying enforcement against financial swaps as a regulatory deadline approaches. The crackdown aims to ensure compliance with pension fund investment rules, targeting unauthorized or risky swap transactions.

Chile's pension regulator imposed limits on swaps that previously enhanced returns, amid tightening spreads for Chile's sovereign dollar bonds compared to US debt. The move comes as Chile's bonds approach their narrowest spread to US debt since 2010.