The Central Bank of the Dominican Republic (BCRD) it was certified in compliance of the international standard ISO22301: 2019, for the management process of the Gross Settlement in Real Time (LBTR), on behalf of AENOR INTERNACIONAL.
Said certification, the first on this process in the country, certifies that the Bank
Central has a Business Continuity Management System, which operates under
the best international practices in the matter, which allows you to continue operating
in the most difficult and unexpected circumstances, always protecting
employees, maintaining their reputation and providing the ability to maintain in
operation of its critical processes and services.
In this regard, the governor of the BCRD Héctor Valdez Albizu stated that “the decision of the
Central Bank working towards ISO 2231: 2019 accreditation demonstrates its
commitment to maintain the availability of the services of the Settlement System
Gross Real Time (LBTR) as part of its objective of ensuring stability and
strengthening of the financial system and the efficiency and security of the payment system ”.
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The activities for the aforementioned certification were coordinated by the Office of
Risk Management and Continuity of the Central Bank and required the collaboration of
different dependencies of the institution.
It involved auditing the processes that affect the administration of the LBTR system by AENOR.
Governor Valdez Albizu received the certification from Ariel Espejo Combes,
Director of AENOR Dominicana, in the company of the Deputy Governor of the BCRD
Clarissa de la Rocha de Torres, the manager Ervin Novas Bello, the comptroller José Taveras
Lay, the director of the Payment System department Angel González, and the consultant
technician from the Risk and Continuity Management Office Rafael Jiménez.
The LBTR system is the electronic platform managed by the Central Bank, through
of which financial intermediation entities, securities intermediaries, the
centralized securities depository, the National Treasury and the Security Treasury
Social, they can make transfers of funds between themselves and with the Central Bank itself,
as well as to settle payment orders, continuously, in real time, transaction
transaction, in your checking accounts at the Central Bank.
The LBTR system has been operating since April 2008, performing since then a
determining role in the expansion and development of the Payment and Settlement System of
Securities of the Dominican Republic (SIPARD).
Its implementation marked a before and after for payments in the country, due to the tangible and intangible benefits derived from the use of this electronic platform by the Central Bank and the participants in SIPARD.
It is a priority of the Central Bank to maintain a technological infrastructure of SIPARD
modern and robust, with extensive response capabilities in the event of possible
contingency, endorsed with the present certification of compliance with the ISO standard
2231: 2019.
