Conclusion of the Financial Sector Assessment Program (FSAP) for the Panamanian Financial System

Thursday, 08 June 2023

The event was attended by Jorge Luis Almengor, Vice Minister of Finance; Amauri A. Castillo, Superintendent of Banks; the superintendents of Non-financial Reporting Entities and Insurance and Reinsurance (SSRP); and representatives from the financial sector.

This process, conducted by the International Monetary Fund (IMF) and the World Bank (WB) since 2022, assessed compliance with the 29 Basel principles, macroprudential policies, the network of banking security, the implementation of sustainable finances, digitization, AML, among others.

The recommendations presented by the assessing organization will be serve as guides to strengthen certain areas, for which the IMF and the WB will provide technical assistance.

The FSAP is a period assessment of the financial sector conducted by the World Bank and the International Monetary Fund for their member countries.

Culmina proceso de evaluación al sistema financiero denominado FSAP