Laws

No.548-XIII of 07.21.95

The Law generally provides appropriate supervisory authority, including power to license, supervise, and regulate financial institutions. Specifically, the NBM is empowered to issue necessary regulations, to license and establish supervision standards, to cause inspections to be made, to require financial institutions to take remedial actions, and to enforce penalties. The NBM may also oblige banks to provide information on data, and publish such information in whole or in part. The NBM has access to any information and may conduct inspections at its discretion.