Further Reforms for Credit Flexibility

CONASSIF (National Council for Financial System Supervision) of Costa Rica tempered several risk indicators that would allow banks to offer better repayment terms to their customers.

Wednesday, April 1, 2009

The Chamber of Banking and Financial Institutions of Costa Rica (CBF) had requested a long series of amendments tending toward more flexible criteria for banking supervision in February and the CONASSIF had already made some concessions with regard to risk indicators three weeks ago.

Edgar Delgado Montoya, in his article in Elfinancierocr.com, indicated that "even if four cumbersome Superintendent of Financial Institutions (SUGEF) regulations are changed, it is but a small portion of what the CBF had requested."

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