Banking

The Superintendence of Banking Institutions is the regulating agent of the financial system in our country.
Globalization has considerably modified the financial sector panorama all over the world. Mergers, the appearance of complex financial products (forwards, swaps, etc.), coupled with the great progress in informatics have enabled important changes to happen in the operative way, in the regulation frames, in the way of being related with the clients (banking at distance, etc.), which is generally associated to an increase risk in the sector.

In view of this situation the authorities which regulate the financial system and the financial institutions have concerned more and more about the control and handling of risks, by means of a bigger emphasis in the internal audit activities, and more stringent controls on the part of the monetary authority, etc..

It is the responsibility of the Superintendence of Banking Institutions to control the public and private companies that carry out banking activities and among others, to supervise and inspect in order to fix and modify the quantity of the minimum net patrimonial responsibility, level of cash reserve, patrimonial relationships, etc. The regulatory agent communicates with the market through Mails and Reports where it establishes the course of action.

PKF CHIARINO & ASOCIADOS has a specialized staff in the financial industry who works next to our clients to understand and to evaluate the different variables and to discover the opportunities.

Our focus is based on the knowledge and analysis of the market and industry, of the activities carried out by our clients, of the risks implied and controls applied by the Board of Directors.

Additionally, we contribute global solutions for the financial industry by means of the following:

• Business Advisory
• Companies reeingineering
• Information Technology and Security
• Internal Audit
• External Audit
• Taxes
• Personnel Selection