Informe Pastran newsletter reports that the objective of the FSB is to preserve the financial and macroeconomic stability of this Central American nation.

The regulation, approved unanimously in Parliament, highlights the identification of risks, entities, systems and processes that may affect financial stability and merit special supervision.

It also establishes that the CEF is an inter-institutional coordination body in charge of monitoring and recommending actions to safeguard Nicaragua’s financial stability.

Representative Luz Esther Garcia, member of the Production, Economy and Budget Commission of the Parliament, pointed out that the CEF is provided with sufficient tools to effectively develop such supervision and surveillance, for which purpose it incorporates the Financial Analysis Unit and the Ministry of Development, Industry and Commerce.

This will allow the implementation of supervision and surveillance actions in a systemic and coordinated manner to monitor the main vulnerabilities and potential financial risks, in order to maintain the country’s economic and financial stability, said the legislator.

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