Banking Regulations for Honduras

The Honduran Association of Banking Institutions is calling for a balance between regulation and promoting development, protesting against unrealistic regulations nationwide.

Monday, February 13, 2012

The Honduran bank said existing regulations are "very strict" and has called for a balance between regulation and promoting development, taking into account local characteristics reported Tiempo.hn.

The executive director of the Honduran Association of Banking Institutions (AHIBA), Lydia Maria Solano, said that "it is not possible to apply international standards to regulate local financial institutions. (...) The external standards for managing banks are inspired by international financial markets. "

Solano points out the differences between the situations of domestic and foreign banks. According to Solano, "national banks are not subject to international volatility due to the fact that its deposits come from public money, this is our best ally and trust in it dates back many years."

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