Bolivia's Ministry of Finance reported that the Financial System Supervisory Authority participated for the first time in the Credicorp Financial Group's college of supervisors. The meeting brought ASFI together with regulators from Chile, Peru, Colombia, Panama and the United States to exchange information, methodologies and tools for consolidated cross-border supervision. Regulators discussed the supervision of Credicorp across jurisdictions and received information from the group's senior executives on its short and medium-term regional strategy. The exchanges will help ASFI refine its supervisory approach, incorporate practices used by other authorities and identify risks that could affect Bolivia's financial stability and depositors.
Bolivia's Ministry of Finance reports ASFI's first participation in Credicorp supervisory college
Bolivia's Financial System Supervisory Authority participated for the first time in the Credicorp Financial Group's college of supervisors alongside regulators from five other countries. The discussions covered cross-border supervisory practices, jurisdiction-specific risks and Credicorp's regional strategy to support stronger consolidated supervision in Bolivia.