| Login | |
| Currency | |
| Weather | |
| |
NG Cortiñas requests to refrain from comment in the financial sector
posted on: Nov 30 2011 9:56 by RDugey. Viewed 31 times.
The Superintendent of banks, Haivanjoe Ng Cortiñas, called on all sectors to protect the financial Dominican system in order to preserve his conquests, among which are the high level of solvency, which at present is around 18%, as well as the low default rate that is situated in a little over 3%.
NG Cortiñas spoke to members of the Association of banks of credit unions and credit corporations (Abancord), to those who submitted progress experienced in the country in the implementation of the new supervision model based on risk.
The Superintendent of banks warned the sectors that are not related to the financial Dominican system nor in quality supervised nor of supervisors to not interfere in Bank issues, they are not themselves.
Said that Dominican political sectors or public administrative bodies should take positions populist and gracious to ingratiate himself with the population on issues u000athat only carries out its supervisory and regulatory exclusively to monetary administration and finance.
He expressed that make calls to consumers in the financial system is breached in the form of the "indignant" is a provocation that can create risks reputacionales entities that could generate regrettable for the entire economy situations Dominican.
Ng Cortiñas stated that the financial system is regulated and that if eventually identifies any weakness you have to do is update it or improve it, which is a function of the authority as has done it historically in the country as one of its main responsibilities, either to benefit Bill which seeks to amend the monetary and financial law that is in the Senate.
The official in charge of the Agency supervisor based his call in the second principle of the risk based supervision is supported the the model proposed by u000aBasel II, arising from the obligation to the upper body having a strict surveillance with the issue of risks of institutions financial.
Digg it!
del.icio.us
MySpace
Facebook
Fark
Reddit
Newsvine