Dominican Republic's Superintendency of Banks announces CCSBSO expansion of cross-border supervision and resolution information-sharing memoranda and confirms Alejandro Fernández as chair

Dominican Republic's Superintendency of Banks announced that the Central American Council of Superintendents of Banks, Insurance and Other Financial Institutions (CCSBSO) signed addenda expanding its multilateral memoranda of understanding on information exchange and mutual cooperation for consolidated cross-border supervision and resolution. The CCSBSO also elected its 2025–2027 board, with Dominican superintendent Alejandro Fernández W. ratified as president. The assembly in La Romana brought together authorities from Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Panama, the Dominican Republic, Colombia and Ecuador, and reviewed accountability reports from the CCSBSO presidency and technical committees covering liaison, insurance, sustainability, cyber-resilience, and resolution and crisis management. Ecuador's Superintendency of Banks was admitted as a CCSBSO member, and participants discussed progress under the 2025–2029 strategic plan. Members also closed the Sustainable Finance for Development (FISDE) initiative, which over four years provided sustainability training, launched a regional green taxonomy and developed roadmaps for incorporating environmental, social and governance criteria into risk-based supervisory frameworks, with support from the International Finance Corporation (IFC), FMO and Norfund.