Support Program for Bank Supervision

closed

Objectives: The program's overall objective is to enhance the quality of financial intermediary regulation and oversight, with particular emphasis on bank regulation and supervision, to make the country's financial system sounder and more secure. Description: Specifically, the program aims to: (i) strengthen the approach to banking regulation and oversight by adjusting laws and regulations and inspection methods to the needs and characteristics of the Dominican Republic's fn=cial system; and (ii) make oversight more efficient by improving human resources management and bringing in modem information systems. More sophisticated and efficient inspection methods will translate into effective oversight and enforcement authority.