In major U.S. international airports delays at immigration and customs controls can last more than three hours.
"Authorities are warning of extreme delays in the next few months on entering the United States, after waits of over three hours were recorded in the second quarter, which is low season, at control points of the Bureau of Customs and Border Protection, or CBP" reported Laprensa.hn.
As of December 21 Delta Airlines will fly every Saturday non-stop between New York's JFK and Guatemala City.
The route will be operated by a Boeing 737-700 with capacity to carry 124 passengers.
According to the company's website, the flight's departure from New York is scheduled for 8:30 am, while from Guatemala City the flight will depart at 2:00 pm
The new supervisory body merges the former Superintendency of Securities, Pensions and Finances.
Entitled the Superintendencia del Sistema Financiero (Financial Superintendency System), the body will presided over by Victor Ramirez, who served as chief of the superintendency of the same name.
The purpose of the institution is to supervise financial groups more efficiently using a single organization, rather than three different ones.
Regulators in New York and El Salvador have signed a memorandum of understanding between their two jurisdictions.
It was signed by New York State Insurance Commissioner James J. Wrynn and Victor Antonio Ramirez, commissioner of the Superintendencia del Sistema Financiero de El Salvador (SSF).
The document establishes a formal basis for cooperation and coordination, including the exchange of information relevant to each authority’s supervisory and regulatory responsibilities.
Before the year ends, international banks that operating in various countries on the Isthmus will have to open their books to regional supervisors.
The Central American Council of Banking Superintendents will do the first inspection of these entities with the goal of jointly monitoring certain risks.
This will not be a group visit to each bank but specific inspections according to the needs of each regulatory organization.