LatinNews Daily - 27 April 2023

In brief: Bolivia’s finance regulator stages intervention in bank

* Bolivia’s financial regulator, the Autoridad de Supervisión del Sistema Financiero (ASFI), has staged an intervention in Banco Fassil, one of the country’s largest private banks, in response to what the ASFI’s director, Reynaldo Yujra, described as “bad practices” at the bank. Four executives at Banco Fassil have been arrested on suspicion of committing financial crimes, which appear to relate to the questionable granting of loans. Yujra said that the ASFI is working to ensure that savings held by Banco Fassil are secure, after it found that the bank “failed to meet its liquidity obligations” to account holders. He described the situation at Banco Fassil as an isolated case and insisted that the wider financial system is in “good health”.

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