Regulatory Alerts2021-01-01
Added · Updated
Circular 56 (2021)
The Superintendency of Banks of Panama issued Circular No. SBP-DR-0056-2021 to notify financial institutions of Board of Directors General Resolution No. SBP-GJD-0002-2021. This resolution temporarily recognizes the validity of appraisal reports in the context of COVID-19. The circular instructs general managers to disseminate relevant instructions to their staff to ensure compliance with the measure.
April 21, 2021 Circular No. SBP-DR-0056-2021 Sir General Manager City Reference: COVID-19. Board of Directors General Resolution No. SBP-GJD-0002-2021. Dear General Manager: We are pleased to inform you that Board of Directors General Resolution No. SBP-GJD-0002-2021 dated April 20, 2021, "Which temporarily recognizes the validity of Appraisal Reports," has been issued. Attached you will find a copy of the aforementioned Resolution, the text of which can be consulted through our website www.superbancos.gob.pa, in the laws and regulations section. We thank you, Sir/Madam General Manager, for issuing the pertinent instructions to your staff to comply with the present circular. Sincerely, Amauri A. Castillo Superintendent Attached: Board of Directors General Resolution No. SBP-GJD-0002-2021 ARV/ygl