Event Highlight: 29th Regional Meeting of the Financial Stability Group
In March, FNA attended the 29th Regional Meeting of the Financial Stability Group, San José de Costa Rica, organized by the Central American Monetary Council and the Central Bank of Costa Rica.
Central banks and financial superintendencies from Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, the Republica Dominicana, Panama, and Colombia attended the Regional Meeting. FNA’s Carlos León was invited to present the latest evolution of Suptech and why financial authorities should regard supervisory technology as Digital Public Infrastructure (DPI).
A key takeaway is that Suptech is not simply a support tool; it is the digital nervous system of modern financial supervision. Therefore, recognizing Suptech as DPI is not just a semantic shift, it is a strategic imperative. Financial authorities that make this shift will be better prepared to safeguard stability, anticipate disruptions, and guide innovation responsibly.
Based on FNA’s global engagement with financial authorities, policy recommendations include institutionalising Suptech as a strategic pillar within the supervisory framework; adopting infrastructure-grade standards for always-on and real-time availability, resilience, data security, and continuity planning; providing sustainable funding; ensuring interoperability with payment systems, data repositories, and cross-border supervisory networks; and promoting capability-building for supervisory staff to operate and evolve these systems.
Finally, Carlos Leon showed how Supervisory Reporting Analytics and Macroprudential Portfolio Analytics leverage customary and innovative data sources with AI and advanced network analytics and visualizations to significantly augment the analytical capabilities of financial authorities.
Thank you to the organizers and the attendees for an insightful series of discussions. Special thanks to Odalis F. Marte (Executive Secretary, SECMCA) and Luis Ortiz Cevallos (Permanent Economist, SECMCA) for the invitation.
Read our article: From Tools to Infrastructure: Making the Case for Suptech as Digital Public Infrastructure
