Financial authorities in Panama are analyzing establishing a fee for regulation and supervision, and modifying aspects such as requirements for licenses for businesses and minimum amounts of capital required to operate.
The adjustments proposed fall into two major areas: the functions of regulation and supervision and legal adjustments for the trust business itself, including topics such as capacities and custodial powers of the Superintendency of Banks of Panama to regulate and supervise fiduciary and trust business enterprises.
The National Authority for the Administration of Land in Panama will be contracting services for the regularization of rural areas in several provinces.
Services for the regularization of rural areas in the provinces of Chiriqui, Bocas del Toro and Veraguas, Azuero Peninsula (provinces of Herrera, Los Santos and Veraguas), and urban and rural areas in the districts of La Chorrera and Arraiján in the Province of Panama.
93% of the $58 million raised by the securitization of future revenues of the International Airport of El Salvador were provided by Pension Funds.
Editorial
The administrators of the pension funds are obliged to invest mainly in government bonds, and this significantly affects the low returns earned by contributors in those funds.
The case of the securitization by the Autonomous Executive Port Commission (CEPA) to obtain funds to finance the modernization of El Salvador International Airport, is a good example of how we can better invest capital from pension funds, while obtaining better financing for public works, and so that the financial profits stay within the country.
CIPLAFIT 2012 will be held in Costa Rica from 18th to 20th April, featuring 12 keynote speakers of international standing exposing to more than 350 professionals.
This event represents an opportunity for all professionals involved directly or indirectly with trusts and securities. CIPLAD International is planning an event in this important sector, which will include 12 professionals of international standing from Mexico, Guatemala, Costa Rica, Colombia, Bolivia and Argentina sharing knowledge with over 350 professionals of various nationalities regarding the latest trends and news in this important sector .
Although recent public opinion has focused on what went wrong with securitization, it is important to recognize the many benefits associated with sound securitization.
Global Financial Stability Report (GFSR), October 2009 - Chapter 2
Key points:
Sound securitization provides important benefits—to allocate credit more efficiently, transfer credit risk away from banking sector to more diversified investors, and more finely tailor risks and returns to potential end investors.
This form of funding appears to be the most feasible for large public infrastructure works.
The limitations of the state budget to address infrastructure projects require the assistance of private capital, and the securitization trust model is being adopted by Costa Rican public institutions to finance these works.
There are 11 projects in various stages of the formation process of securitization trusts in various sectors such as energy, telecommunications, health, and education.
Four economists conclude that the market must fix itself in order to solve the financial crisis in the United States.
In the round table organized by the Academy of Central America, the economists Juan Muñoz, Eduardo Lizano, Isaac Castro, and Jorge Guardia shared their assessment of the causes and possible solutions for the crisis that began with the fall of property prices in the United States.
There's been an increase in multisectoral participation as a means of improving both infrastructure and services in various parts of the world, writes Lourdes Fernández in Costa Rica's newspaper La Republica.
This trend has been driven by technological innovations, she continues, as well as budget restrictions, expansion of international markets, growing public-private participation, but above all the application of the premise "there's strength in numbers", to which I add: and they encourage the achievement of important goals.