Former general legal director of the Financial Market Commission (CMF), José Antonio Gaspar, revealed in an interview that he did not anticipate his dismissal on March 19 by new president Catherine Tornel.
Gaspar, who held the position for five years after a twelve-year career at the regulator, highlighted his good professional relationship with Tornel. He recalled that both collaborated on bill projects when she was coordinator at the Ministry of Finance.
The president informed him that the decision responded to a necessary leadership change for the times ahead. Gaspar accepted that it is a legitimate attribution of her position and noted that the relationship remains cordial, even with pending projects such as a book on banking supervision.
In the interview, Gaspar defended the CMF council's decisions and rejected perceptions that he wielded excessive power. He stated that his role was to advise and that the commissioners made the final resolutions.
The lawyer also mentioned milestones such as the integration of the former Superintendency of Securities and Insurance with that of Banks, and noted that the CMF functions well but can be improved in governance aspects.
