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SBS Seeks to Shield Cooperatives From Any Liquidity Problems, What Will They See Savers?
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The Superintendency of Banking, Insurance and AFP (SBS) seeks to strengthen the cooperative system with measures aimed at preventing liquidity problems in these institutions.Through a draft standard, the regulator proposes to incorporate requirements similar to those already met by the supervised financial institutions, with the aim of reducing the risk of future interventions and protecting the resources of the partners, analysts point out.The …
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