In order to preserve savings and the stability of the national banking system, the Monetary Board decided to suspend the operations of Banco de Credito, an entity that represents 0.2% of the total assets of the local banking system.
The Superintendence of Banks will have to communicate to the general public the mechanism to be used to make operative the management of the deposits constituted in the Banco de Credito, informed the Central Bank.
The Superintendency of Banks is working on an update of the regulation on credit risk management and a new regulation of corporate governance for insurers.
Jose Alejandro Arevalo, head of the Superintendency of Banks (SIB), told Dca.gob.gt that"...
In response to rumors of more interventions into financial institutions, the Superintendency of Banks in Panama says that they are unfounded, highlighting the strength of the banking system.
From a statement issued by the Superintendency of Banks of Panama:
The Superintendency of Banks in Guatemala is calling for public consultation on draft regulations for operational risk management for banking security.
According to an article in Prensalibre.com the intention is to regulate the minimum measures that banks must observe in the national system for managing operational risk in areas such as technology security, vaulting and customer service, among other things. According to the text, from the date on which the regulations take effect, banks must comply with the provisions set forth within three months. "
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