The Superintendency of Banks of the Dominican Republic published an assessment of comprehensive risk management practices across 45 financial intermediation entities, based on a self-assessment survey. The report finds broad adoption of key risk management tools, including partial or full definition of key risk indicators by 98% of entities and stress testing by 93%, while identifying areas for further strengthening such as concentration measurement, sector correlation analysis, and standards for risk management models. The survey involved 1,342 risk professionals and board members. Operational risk specialisation increased, with 77% of entities having an operational risk unit in 2023 versus 89% in 2024, and 44 entities reporting partially implemented key risk indicators, of which 18 have automated them in their systems. Use of risk tools rose between 2023 and 2024 for monitoring (75% to 80%), identification (70% to 71%) and mitigation (55% to 56%). On risk culture, 30 entities reported having a plan, with 11 conducting annual and quarterly assessments, while 31 of 45 said they evaluate stakeholder considerations; risk training for all staff was reported by 44 entities, with coverage rising from 88.6% in 2023 to 98% in 2024.
Superintencencia de Bancos de la Republica Dominicana 2025-08-12
Superintendency of Banks of the Dominican Republic reviews enterprise risk management at 45 financial intermediaries and finds 98% have key risk indicators and 93% run stress tests
The Superintendency of Banks of the Dominican Republic assessed risk management practices across 45 financial entities, revealing widespread adoption of key risk tools, with 98% defining key risk indicators and 93% conducting stress tests. The report highlights areas for improvement, including concentration measurement and sector correlation analysis. Operational risk specialization increased, and risk tool usage rose, with advancements in risk culture and training.