Superintendence and IMF carried out supervision workshop

The Superintendency of banks of Dominican Republic conducted a regional workshop on banking supervision, under the auspices of the International Monetary Fund and the Regional Centre of technical assistance for Central America, Panama and Dominican Republic (captures-RD), last week (from 16 to 20).

Technicians El Salvador, Honduras, Nicaragua, Costa Rica, Guatemala, and Dominican Republic participated in the training day, and the facilitators were involved officials and experts from the IMF.

to give opening activity, underlined that it aims to ensure financial stability in the context of the risk-based supervision model and lead to the appropriate authorities of each of the countries involved to have a cross-border scheme on the performance of the banking-oriented within this odelo m. He stressed that the stress tests carried out on the system u000aDominican financial last year demonstrated the importance and relevance of that resource as means to monitor the health of the sector and its application was beat to the agreements of Basel I and II.

NG Cortiñas noted that globalization has been a factor to make viable information flow and spread much more quickly, and was confident that in future this reality also would help to achieve consensus swiftly within regional.

The regional course sayudará to identify weaknesses in financial processes running institutions of financial intermediation, thus promoting their timely correction, said.

With that premise, the Superintendency of banks strives to train their officials and technicians according to the updated standards. As facilitators acted RD, Mario Dehesa, IMF representative and officials of the multilateral agency, Marco Espinosa u000a-Vega, Mario Zambrano and Oscar Basso.

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