Costs of Financial SupervisionThe government of Costa Rica is promoting a legal reform that would transfer the cost of financial supervision to banking institutions, insurance companies and pension operators.Tuesday, April 24, 2012
The legal amendment was included in the Bill for the Efficient Management of Public Finances already sent to the Legislature. Source: Nacion.com ¿Busca soluciones de inteligencia comercial para su empresa?Financial Cooperatives in Costa RicaOctober 2012 For the volume of assets and loan portfolios they manage, cooperatives together make up the fourth largest financial operator ivn the country. Costly Superintendencies in Costa RicaOctober 2012 The operations of the supervisory agencies for financial institutions, pensions companies, the stock market, and insurance market, has an annual cost of $48 million. Changes to Pension Operators Costa RicaDecember 2011 The Superintendency of Pensions is studying changing the rules for the transfer of members between companies, to reduce administrative costs. Public consultations to be held on regulations for insurance companies in Costa RicaAugust 2008 These will be the first guidelines that will be used to regulate the insurance market that up to now has been monopolized by the National Insurance Institute (INS).
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