The Superintendency of Banks of the Dominican Republic published an account of Superintendent Alejandro Fernández W.’s 2020-2026 accountability speech, reviewing changes to financial supervision, regulation, institutional capacity and consumer protection. Over the period, the authority conducted 593 inspections of financial institutions, financial groups and trusts, modernized its supervisory model and established specialized functions covering areas including consolidated supervision, fiduciary markets, financial innovation and technology risk. The regulatory program produced 12 instructions, 99 circulars and 74 circular letters addressing consumer protection, digital services, risk management and environmental sustainability. The review also highlighted the resolution of Bancamérica, in which all assets and liabilities were transferred to a solvent bank within the required period, all nonrelated depositors recovered their funds and resources drawn from the Contingency Fund were fully reimbursed. Separately, the authority handled more than 1.1 million consumer contacts, secured DOP 785.9 million in refunds for improper charges and returned about DOP 379 million to 2,895 depositors of institutions that disappeared more than 25 years ago. Under its 2025-2028 strategic plan, the authority will deepen risk-based supervision, strengthen alignment with international standards and pursue broader, safer and more sustainable financial inclusion.

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