Exclusion of shareholders for moral solvency

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This book explores the legal implications of Agreement No. 2-2023 of the Superintendency of Banks of Panama, which incorporates into the banking regulatory regime, requirements regarding moral solvency for shareholders of regulated banking entities in Panama. It describes the analogous international standards on the suitability that shareholders of regulated banking entities must have; as well as the internal legal standards on suitability that apply to the Superintendent of Banks and the members of the Board of Directors of the Superintendency of Banks; and the internal legal standards on suitability of shareholders of regulated entities in the securities market. It proposes to avoid unequal treatment by leaving the decision as to what is considered moral solvency and when it would apply to the banking regulators, and not to the regulated entities.

Carlos Barsallo, Attorney at Law with 34 years of experience. Former professor of corporate law. Bachelor in Law and Political Sciences, University of Panama, Summa Cum Laude; Master in Law, University of Pennsylvania, Master in Commercial Law, University Paris II; Doctor in Law, Universidad Complutense de Madrid, cum laude.