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Panama New Home of Central American Council of Superintendents of Banks

Article Summary:

Panama is the new permanent home for Executive Secretariat of the Central American Council of Superintendents of Banks, Insurance and Other Financial Institutions. The group cites the location change because Panama provides a strogner strategic reasons that will benefit its members.

Original Article Text From La Prensa via Google Translate :

Panama Hosts the Secretariat of the Council of Superintendents of Banks

The permanent headquarters of the Executive Secretariat of the Central American Council of Superintendents of Banks, Insurance and Other Financial Institutions (CCSBSO), created in 1976 in Honduras, was inaugurated on Friday in Panama, reported a Panamanian official source.

The inauguration took place at the close of the General Assembly held on Friday CCSBSO in Panama City, during a ceremony attended by Council members and senior executives of the Superintendency of Banks of Panama (SBP), explained this in a statement. CCSBSO president, Francisco Solano Lay said the decision to establish the Executive Secretariat headquarters in Panama due to strategic reasons that will benefit for members of this body.

On the other hand, the Superintendent of Banks of Panama, Alberto Diamond, expressed his pleasure that Panama has been elected to host the Executive Secretariat of the Council.

“This will have placed their trust in the potential of our country and its infrastructure as a center connectivity and services, not only in the international trading environment, but also in the international public arena, “said Diamond. The CCSBSO is an international organization and is comprised of financial sector regulators in Costa Rica, Nicaragua, Honduras, Guatemala , El Salvador, Dominican Republic and Panama.

Link to Original Article:

From La Prensa

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