The Superintendency of Banks of Panama held the second supervisory college for BAC Group, bringing together regional supervisors and group executives to review risks on a consolidated basis. Discussions focused on financial risks related to climate, the integration of environmental, social and governance (ESG) factors into risk management, and liquidity management across jurisdictions. Supervisors examined the integration of climate risks and ESG factors into corporate governance, management processes, risk measurement and monitoring, and applicable prudential frameworks. The liquidity discussions covered the quality of liquid assets, funding sources, contingency planning and stress testing, while accounting for differences between jurisdictions. BAC Group executives outlined the group’s strategic priorities, financial profile and risk appetite, alongside how corporate policies are implemented across its entities. Discussions with management also addressed progress and challenges in integrating ESG factors and managing liquidity on a consolidated basis.
Superintendency of Banks of Panama holds second BAC Group supervisory college focused on climate and liquidity risks
The Superintendency of Banks of Panama convened BAC Group’s second supervisory college to review climate risks, environmental, social and governance factors, and consolidated liquidity management. Regional supervisors and group executives examined risk governance and the implementation of corporate policies across entities. Liquidity discussions covered liquid asset quality, funding sources, contingency planning and stress testing.