Amended Banking Law, 2011

This Law regulates financial intermediation and other operations carried out by banks.  It requires banks to maintain pre-established levels of reserves and liquidity, and establishes sanctions if they breach any of these provisions. It also instructs them to maintain a transparent corporate governance selection process.

Title II oversees the organization, administration, and operation of banking institutions. Topics in this section include: the establishment of foreign branches, the appointment of directors to the bank's board, and the establishment of a liquidity and reserve fund. Title III establishes all permitted and prohibited banking activities. It also establishes service fees for deposits and loans. Title IV states sanctions for any breaches in the aforementioned provisions.  

Document Details

Title (Non-English): 
Modificaciones a la Ley de Bancos, 2011
Document Type: 
Document Topic: 
Doument Author (Entity): 
Authoring Country: 
Originating Country or Trade Block: 
Issue Status: 
Year of Document: 
2012
Date of Document: 
Thursday, January 20, 2011
Document Authors: 
Legislative Assembly of El Salvador

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