Internationally there has been progress towards defining standards for the minimum capital that banks must hold in terms of the risks they take.
These standards also promote improvements in risk management systems as essential to the stability of institutions and the system as a whole.
These standards are known as Basel II.
The Superintendency of Financial Services has set as a core objective to be aligned with international best practices in supervision and regulation, and therefore has established a roadmap to fully adopt this standard.
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