Panamanian financial sector delegation to visit the US, UK and Europe in bid to attract new entrants to local market

The president of the Panama Banking Association (ABP) Carlos Troetsch has announced that the ABP will be taking a delegation of leading Panamanian bankers on visits to Washington DC in September, followed by London, Paris, Frankfurt and Geneva in October in an attempt to raise the profile of Panama as a financial centre, and to “make known the changes” that the sector to increase their competitiveness and address concerns about the sector’s reputation following the release of the Panama Papers in 2015. The Superintendency of Banks of Panama (SBP) will also join the delegation. Speaking about the delegation, Troetsch stated his intention to encourage banks to set up in Panama, pointing to the sector’s high standards and quality control.

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