The Supervision and Financial Regulation System is comprised of the Financial System Regulator and the Central Reserve Bank of El Salvador. This regulatory system preserves the stability, efficiency and transparency of the financial sector.
Title I of this law outlines the duties and obligations of the Financial System Regulator. It also addresses the regulations and guidelines to appoint the members of the regulator's Board of Directors.
The main functions of the regulator are to:
- Submit pertinent resolutions for the supervised,
- Authorize the suspension of operations,
- Authorize the advertisement and beginning of operations,