The Superintendency of Banks (SB) presented its new institutional statistics section, which collects data on the services offered to citizens and the entities under its supervision.
The publication of this information is carried out for the first time in the transparency portal of the institution, with the interest of strengthening and guaranteeing accountability actions to the entire Dominican population.
In this way, the SB ensures correct compliance with current regulations on transparency and free access to public information, and guarantees that any interested citizen has access to information on the development and results of its operations.
“The adequacy of this section puts an immediate value in the hands of the Dominican population, but it also implies a commitment towards the future with transparency, regardless of who is running the institution,” said the Superintendent of Banks, Alejandro Fernández W. In this space the general public can learn about the data related to attention to savers of entities intervened and/or in liquidation, prevention of money laundering and other financial crimes, sanctioning processes, protection of the financial user, registrations and authorizations, regulation of the financial sector , supervision of financial intermediation and foreign exchange entities, among others.
In addition to the data series organized chronologically, its methodology and publication policy are available. To access this new section, those interested should go to www.sb.gob.do, click on the Transparency tab, located in the upper menu, where they will find the Institutional Statistics section.
Each section has a data panel or dashboard that allows users to make graphs and use search filters according to their interests. This tool is especially useful for specialized professionals, journalists and the general public.
Accountability is an obligation of public institutions that consists of reporting on the progress and results of their management.
The role of supervising financial institutions
According to article 19 of Law 183-02, Monetary and Financial of November 21, 2002, the Superintendence of Banks has the function “to carry out, with full functional autonomy, the supervision of financial intermediation entities, in order to verify compliance by said entities with the provisions of the law, regulations, instructions and circulars.
