Banking law reforms become effective this month in Panama

The new provisions of the Banking Law will become effective starting August 25, the Superintendency of Banks indicated.

Wednesday, August 13, 2008


The new provisions include increased regulations for banks with international licenses and the creation of the position of banking supervisor. Other changes are the streamlining and flexibilisation of forced bank liquidation processes and the institution of banking services mediation.

More on this topic

New banking law goes into effect in August

July 2008

The growth of the banking business and its increasing complexity have been behind the reform of the Decree Law 9, issued Feb. 26, 1998.

The Office of the Superintendent of Banks has worked out a series of agreements that regulate a new law that will go into effect next month. The agreements relate to ensuring an adequate capital base in the nation's banks as well as liquidity, concentration and consumer protection.

New regulations for banking entities in Panama

August 2008

The Superintendence of Banks issued new regulations regarding compliance with the legal liquidity index for entities operating in the Panamanian market.

The legal minimum liquidity index for banks with a General License and an International License is 30% and 20% for those entities that have a quarterly average of interbank deposits that is greater than 80% of their total deposits.

Panama Banks: New rules for appraising guarantees

August 2008

The new rule establishes which guarantees will be accepted by the Banking Supervision Authority as credit risk mitigators, and how they should be valued

The Panamanian Banking Supervision authority (Superintendencia de Bancos de Panamá), signed the Agreement #2 of 2008, which specifies the parameters and guidelines for the valuation of guarantees used to mitigate credit risk.

New Regulations for Interbank Deposits

October 2012

The Superintendency of Banks in Panama has issued Agreement 005-2012, updating the rules on the placement of deposits between banks.

According to this agreement, which repeals agreements 6-74 and 2-78:

1. General license banks may at any time make interbank deposits.

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