Commissioner Macarena Lobos Palacios

Mrs. Lobos holds a law degree from the University of Chile and a Doctorate in Law from the Complutense University of Madrid. She has over 25 years of experience in public policy design and legislative management and has been involved in the development of structural reforms in the economic, financial, and social security sectors - including the Act that created the Financial Market Commission.

From 2022 to 2026, Mrs. Lobos served as undersecretary and later as minister of the General Secretariat of the Presidency. She also chaired the Presidential Advisory Commission on Public Integrity and Transparency and the General Government Audit Council. Prior to her tenure at the General Secretariat of the Presidency, Mrs. Lobos served as Undersecretary of the Treasury and legislative advisor to that same department.

She also served as Deputy Chairwoman of the Pension Advisory Council between 2018 and 2022, as well as a legal advisor to the Budget Office of the Ministry of the Treasury (2006-2010) and attorney at the Ministry of Labor and Social Security (1998-2006).

In addition to working on the CMF Act, Mrs. Lobos participated in legislative discussions on banking modernization; the law establishing new transparency requirements, strengthening the responsibilities of market participants, and regulating pension advisory services; the law establishing the Consolidated Debt Registry; the law regulating the protection and processing of personal data; and the law establishing a Mixed Pension System, among others.