The Superintendency of Banks (SB) and the Toronto Center signed an agreement whereby the Canadian institution undertakes to provide advice and support to the Dominican entity.
The purpose is to improve and strengthen its technical structure for supervising financial institutions. financial and exchange brokerage.
The agreement was signed virtually by the Superintendent of Banks, Alejandro Fernández, and the President and CEO of the Toronto Center, Babak Abbaszadeh. The entities will collaborate to improve the supervisory capacity of the SB.
They want the regulatory entity to continue contributing to the stability of the financial system. The agreement contemplates the revision of the supervision methodology, optimization of the processes and information reports required to the financial intermediation entities (EIF).
This includes the creation of mechanisms for consulting the supervised entities, the identification of information technology needs, the training of SB personnel and the
establishment of mechanisms to ensure quality.
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Details
The intention is that this collaboration allows the SB the early identification of emerging, systemic and non-systemic risksthrough which financial intermediation entities could go through.
During the signing of the agreement, the Supervision Assistant Manager, Elbin Cuevas; legal consultant, light mars; the director of Supervision of Systemic Entities, Rossi Ogando; the director of Supervision of Non-Systemic Entities, Cynthia Vargas; the head of International Relations, Mary Elizabeth Rodriguezand other team members.
Representing the Toronto Center, Anatol Monid, Senior Director and Patricia Vargas, Director of Programs also participated.
