The Central Bank of Paraguay said its Securities Superintendency is advancing the implementation of a risk-based supervision model for the securities market, supported by technical assistance from the Inter-American Development Bank. The project covers supervisory processes, data, analytical tools and regulatory adjustments, and the latest step was a virtual exchange with Colombia’s Financial Superintendence to strengthen the operational design of the framework. During the Sept. 22-24 program, technical teams from Paraguay reviewed Colombia’s experience with an integrated supervisory framework, including conduct risk, market and liquidity risks, ongoing monitoring processes and the analytical tools used to assess supervised entities. The Central Bank of Paraguay described the cooperation as a source of practical approaches that the Securities Superintendency can adopt and adapt in the near term as it modernizes supervision of the local market.