Examples of Banking Superintendency in a sentence
In accordance with the General Banking Law and Banking Superintendency instructions, related parties are those persons or entities directly or indirectly connected with the Branch’s management or ownership.
Nevertheless, a BCP resolution in 2007 requested the Banking Superintendency (BCP-SIB) to verify compliance with the General Consumer Protection Law, and in 2010 BCP formally introduced in its workplan the objective to help the population understand economic and financial topics.
The latest report from the Banking Superintendency, values the unemployment fund at 1.4 billion $, with a rate of return of 7.5%.
Fair value adjustments for non-permanent securities are included in the determination of income, in accordance with specific instructions from the Banking Superintendency.
The Bank has a Branch in the Republic of Panama (“Panama Branch”), operating under an international license granted by the Banking Superintendency of Panama, allowing banks to conduct, exclusively from an office in Panama, transactions which are intended to take effect outside the country.
They are managed by AFPs. Under this scheme, worker receives the equivalent to one month salary for each year of service.Mandatory pension funds are subject to a strict quantitative investment restrictions determined by the Banking Superintendency.
Basic Legal Circular Letter of the Banking Superintendency (External Circular Letter 007 of 1996), Title 1, Chapter 9, section 6; Title 5, Preliminary Chapter, section 1.
Any director, manager, legal representative, or staff member of an institution supervised by the Banking Superintendency who knowingly infringes or allows the infringement of legal provisions, shall be personally liable for any losses that any individual or body corporate suffers by reason of such offenses, notwithstanding any other civil or criminal penalties of the law and the measures the Banking Superintendency may impose pursuant to its attributes.
The Asset Manager services would be hired by PROFONANPE to manage the trust fund portfolio, among the three top ranking banks as established by the National Banking Superintendency.
The change in the fair value of derivative instruments, except for foreign exchange forward contracts, is not recognized in the results of operations of the Branch as permitted by regulations issued by the Banking Superintendency.