PANAMA CITY NOV 1 (PBI) — Seeking to bolster the resilience of the regional banking sector against complex institutional threats, the Superintendency of Banks of Panama (SBP) partnered with the U.S. Federal Reserve to conduct an advanced summit on consolidated oversight and enterprise risk management.

The intensive four-day program, held from Oct. 27 to Oct. 30, brought together senior banking regulators from 12 jurisdictions across the Americas, the Caribbean, and Europe. Instructed by specialists from the Board of Governors of the Federal Reserve System, the high-level course—titled “Consolidated Supervision and Risk Integration”—targeted seasoned supervisors tasked with monitoring complex financial institutions.

As global financial networks grow increasingly interconnected, international watchdogs are aggressively shifting their focus toward enterprise-wide risk management rather than siloed oversight. Reflecting this pivot, the Fed-led curriculum centered on the rigorous evaluation of critical risk categories and the holistic assessment of a bank’s financial fortress under a consolidated framework.

Beyond masterclasses and high-level policy discussions, participants stress-tested their regulatory frameworks by executing a stylized case study designed to mimic real-world banking distress and complex risk exposure.

The summit drew regulatory officials equipped with at least five years of experience in risk-based supervision. Jurisdictions represented at the table included the Bahamas, Belize, Costa Rica, Spain, Paraguay, Peru, the Dominican Republic, Haiti, Colombia, Honduras, El Salvador, and the host nation, Panama.

Roxana Castillo, the SBP’s Director of Supervision of Financial and Fiduciary Intermediaries, inaugurated the sessions.

For the Panamanian regulator, hosting the Federal Reserve underscores a broader strategic push to align Latin American supervisory practices with stringent international standards. By facilitating the exchange of best practices, the SBP aims to deepen cross-border technical cooperation among global financial watchdogs, ensuring regulators are equipped to preempt vulnerabilities in large-scale financial entities.