The Superintendency of Banks of Panama announced a reconfiguration of its Board of Directors following the death of Rafael Guardia Pérez on 22 July, appointing Adriana Raquel Carles as Chair and Felipe Echandi Lacayo as Secretary. The appointments were made under Resolution SBP-JD-R-2025-00437, approved on 25 July pursuant to Article 8 of the Banking Law. Carles will serve as Chair until 15 December 2025, when the current term ends, and Echandi will serve as Secretary for the remainder of the same term.