LatAm financial overseers gather in Dominican capital

Santo Domingo.- Financial authorities from Latin American countries on Thursday inaugurated in Santo Domingo the 2nd annual gathering of Superintendents of the Central American Banks and Insurance Council and other Financial Institutions (CCSBSO) to analyze the region’s banking system.

In opening the behind closed doors meeting, Dominican Banks superintendent Luis Armando Asuncion lauded his country’s progress in the protection of customers’ rights and the financial risk-based supervision.

The official said every financial institution in Dominican Republic "obtains the level of supervision required at the right time, to identify and address any opportunities for improvement in an early stage."

Representatives of financial system regulatory agencies from Nicaragua, Costa Rica, Honduras, El Salvador, Guatemala, Colombia, Panama and Dominican Republic take part in the gathering that concludes Saturday.