Dominican Republic Launches Comprehensive Compliance Training Program
A Leap Forward in Financial Sector Knowledge and Expertise
Santo Domingo, Dominican Republic - In a significant move to bolster financial sector knowledge and expertise among professionals in the Dominican Republic, the Superintendency of Banks (SB) has unveiled its Escuela SB (SB School), a comprehensive compliance training program designed to promote regulatory compliance and foster sound practices within the country’s financial system.
About the Program
The Escuela SB is open to professionals, government officials, and anyone with an interest in the covered topics. The best part? It offers free classes both in-person and online! This initiative aims to gather all the educational efforts that the Superintendence had been carrying out to promote regulatory compliance and good performance in the financial system.
What to Expect
The Escuela SB curriculum will cover a wide range of topics, including:
- Financial education
- Financial entity supervision
- Regulation
- Innovation
- Management
- Professional development
The Significance of Escuela SB
Alejandro Fernandez Whipple, Superintendent of Banks and a seasoned educator, highlighted the significance of the new program: “We are filled with enthusiasm as we embark on this project, recognizing the immense opportunity it presents to expand our contributions to the financial system, in this case through the training and continuous learning of its human capital.”
International Recognition
The launch of Escuela SB was attended by representatives from 10 countries and various Dominican government institutions, including the Central Bank and the superintendences of Pensions, Securities, and Insurance. Terry Bennett Muckleroy, in charge of international training and technical assistance in the supervision and regulation division of the US Federal Reserve, was among the guests who attended the launch ceremony.
Commitment to Continuous Learning
With the introduction of the Escuela SB, the Superintendency of Banks is committed to providing a platform for continuous learning and professional development among financial professionals in the Dominican Republic. This initiative marks a significant step forward in promoting regulatory compliance and fostering sound practices within the country’s financial system.