Apr 09, | participation in projects on the modernisation of payment systems, the management of electronic cheque clearing, the liquidity reserve of financial institutions and the legal reserve process of non-bank financial intermediaries; participate in the placement and management of securities issued by the BCRs and the State in order to fulfil the function of financial agent of the State of El Salvador. Also participate in the management of the import and transfer of types of money. The Central Bank of El Salvador (BCR) had set up a liquidity reserve of 3% of deposits before the last presidential elections to protect against possible capital flight. As Daniel Choto writes in Elsalvador.com, the BCR will begin to return the money, which will be implemented gradually, freeing up $58 million every fortnight in 5 periods. planning and supervising the various administrative functions of the Department, ensuring the normal functioning of payment systems and promoting their modernization; ensure the proper functioning of the BCR securities management process and the function of financial agent of the State, as well as the management of monetary funds, in order to contribute to the liquidity of the bank; on the stability and development of the financial system. Responsible for participation in the implementation and supervision of the investment and management processes of securities issued by the Central Bank and the GOES, in the functions of financial agent of the State; as well as involved in the management of import transactions and the transfer of types of money. Carry out analyses and research and submit technical©reports proposing measures to strengthen and modernise the securities subsystems and their settlement in the context of the modernisation of payment systems. 09 February | Central American Banks: Fitch Ratings Special Although the economic outlook is more favorable, banks on the isthmus continue to face challenges related to the quality of their assets, according to FitchRatings. The Salvadoran Banking Association will ask the SSF to release the $261 million imposed by the elections.
Summary Central America`s banking systems have weathered the international financial crisis relatively well. Even though bank profits fell sharply in 2009, as Fitch expected, the industry`s creditworthiness remains good. The combination of a stronger preference for cash and cash equivalents and a significant increase in impaired loan provisions limited the profits of most banks; However, Fitch expects better results for 2010 based on a likely recovery in economic activity. MagÃster in Economics, with Postgraduate Diploma in Applied Macroeconomics 10 March | Central American Bank: Results and Outlook 2010 At the end of 2008, the Superintendence of the Financial System (SSF) ordered a 3% increase in the liquidity reserve to 25% to protect deposits in the event of capital flight. This increase amounted to $261 million for banks, which will apply for authorization as soon as possible. With the support of the Superintendent of the Financial System, the central bank began releasing half of the additional $290 million reserve. Universidad Centroamericana Josã Simeã³n Ca㩱as. El Salvador`s banks will receive the $290 million frozen as a liquidity reserve. After the losses suffered by the U.S.
housing crisis in 2008, the major U.S. and other industrial banks were severely weakened and, in some cases, escaped bankruptcy with the help of their governments. coordinate research and modernisation projects for the payment system, draft rules for payment systems and their monitoring± propose, analyse and monitor the behaviour of the liquidity reserve and payment subsystems operated and/or regulated by the Central Bank in order to ensure their proper functioning and to present improvements and reforms; Support the implementation and ensure the updating of the legal framework. In light of the recent presidential elections, an additional reserve has been set up, 3% of deposits, which provides for withdrawals of deposits and capital flight. From abundance to scarcity: challenges for the banking sector in a tight liquidity environment.