Regulatory Alerts2026-01-01
Added · Updated
Fiduciary Schemes Using REIT-Type Vehicles to Write Off Repossessed/Adjudicated Assets and Evade Regulatory Reserve Requirements
The Superintendencia de Bancos de Panamá (SBP) addresses fiduciary schemes using REIT-type vehicles to write off repossessed or adjudicated assets and evade regulatory reserve requirements. Supervised entities are now required to obtain prior written authorization from the SBP before engaging in such operations, immediately suspend any ongoing negotiations, and report all previously completed transfers within five business days. Failure to comply with these instructions may result in administrative sanctioning processes and the application of penalties under the Banking Regime.