The Superintendency of Banks of Panama (SBP) inaugurated the 23rd Banking and Fiduciary Update Conference entitled “Financial Evolution: AI and the New Legal Paradigm,” reaffirming its commitment to transparency, innovation, and legal certainty.
Now established as an institutional tradition, this conference has become a valuable forum for analysis, knowledge exchange, and updates on key issues in the banking, fiduciary, and financial sectors.
With the participation of magistrates, judges, prosecutors, legal advisors from public entities, and the Ombudsman, the event served as a strategic meeting point for the legal, financial, and supervisory communities.
This year’s edition carried symbolic and personal significance for the Superintendent of Banks of Panama, Milton Ayón Wong, who had the honor of inaugurating the conference for the first time since taking office.
In his opening remarks, the Superintendent underscored the essential role of these forums in strengthening the justice system and reaffirmed the SBP’s commitment to a sound, reliable banking and fiduciary sector aligned with international standards.
“These sessions are not only part of our institutional calendar; they are a vital tool for raising the technical and legal expertise of professionals linked to the justice system and financial supervision in Panama,” he stated.
The agenda featured high-impact topics such as fiduciary responsibility and conflicts of interest, key aspects for ensuring transparency in asset management, the impact of artificial intelligence on banking operations amid the financial sector’s digital transformation, and forensic anti-fraud auditing as a mechanism to strengthen internal controls and prevent financial crimes.
In addition, aligned with the Executive Branch’s efforts to promote an informed citizenry on potential constitutional reforms, the program included a high-level presentation delivered by a national constitutional law expert on the constituent process and its legal impact on Panamanian institutions.
Through this event, the SBP reaffirmed its role as guarantor of the proper functioning of Panama’s financial system, fostering dialogue and training that contribute to a stronger legal, fiduciary, and banking environment.
