About

Pablo Mattar Oyarzún has been at Banco Central de Chile (BCCh) since 1997 and has amassed a wealth of experience in the banking and financial sector as a result of his two decade association with said organisation. Mattar Oyarzún fulfils a dual role for the country’s Central Bank: Acting as deputy general counsel and attesting officer he authenticates the decisions of the organisation’s Board and safeguards that its decisions and resolutions comply with applicable legal provisions; as well in his role of chief counsel of normative legal services, a position which he has held for almost 10 years, in which he advises and provides specialised legal opinions on regulatory issues covered within the scope of the ample legal powers granted the BCCh. According to an official source, the scope of the legal service he provides covers ‘regulatory issues regarding the exercise of normative powers in connection with monetary, financial and foreign exchange operations, the issuing of institutional or internal by-laws to implement transparency, lobbying, conflict of interest and ethics legislation’. As part of his responsibility he also oversees and reports on legislative discussions in Congress related with prospective legislation relevant to the ‘organisation, composition, functions and attributions of the Central Bank’. He also provides legal opinions concerning resolutions, provisions and contracts issued or adopted by the Bank regarding banking, capital markets and payment systems, including its review in accordance with the policies adopted by the Board. Mattar Oyarzún also plays a crucial role in relation to other authorities and the legal compliance or applicable transparency requirements applicable for its authorities and employees. Before taking up his current position, he had been the first lawyer of the Bank’s legal department since 2004. Said responsibilities have included, among others, being part of several internal and external working groups, regarding the law-making process adopted by Chile in order to modernise and assess the General Banking Legislation and to adopt higher standards on transparency and ethics legislation applicable to State entities; of regulations issued by the BCCh on High Value Payment Systems operating on real time basis and on payment cards or associated electronic fund transfers; being also part of the negotiation of several Free Trade Agreements agreed by Chile and of international evaluations on Chilean standards referred to financial, anti-corruption, anti-money laundering and counter financing terrorism matters.