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2026-09-03 05:12 UTC → 2026-09-04 21:27 UTC ·
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President Luis Abinader appointed Víctor Livio Enmanuel Cedeño Brea as the new Superintendent has formally assumed leadership of Banks for the Superintendencia de Bancos in the Dominican Republic following his appointment by President Luis Abinader via Decree 606-26. Cedeño Brea He succeeds Alejandro Fernández Whipple, who served in the role for six years. The appointment carries a two-year six-year term. Cedeño Brea brings extensive experience to the position, having Brea, who holds a Ph.D. in Law and Economics, previously served as the Superintendent of the Securities Market from 2022 to 2024, as well as holding roles such as General Advisor and Deputy Manager of Regulation 2024 and Innovation held various regulatory roles within the Superintendency of Banks. His academic background includes a Ph.D. in Law and Economics. Financial industry groups, including appointment has been endorsed by the Association of Commercial Banks (ABA) and the Association of Savings and Credit Banks and Credit Corporations (Abancord), have endorsed the appointment. These organizations (Abancord). Industry groups noted that his expertise extensive experience within the institution is expected to ensure regulatory continuity and continuity. Specifically, his leadership is viewed as a means to support ongoing modernization efforts, such as including digital transformation and transformation, the implementation of Basel III standards. standards, the enhancement of regulatory frameworks, and the promotion of financial inclusion.