Belize strengthens its financial resilience with a new financial stability committee. The Central Bank of Belize (CBB), the Office of the Supervisor of Insurance and Private Pensions (OSIPP), and the Financial Services Commission (FSC) have signed a Memorandum of Understanding (MOU).
The MOU establishes a Financial Stability Committee to align policies and ensure consolidated supervision across sectors including banking, insurance, and pensions.
Chair of the Financial Stability Committee, Governor Michael, emphasised the need for collaboration: “It is of the utmost importance that we strengthen stakeholder collaboration to achieve the benefits of coordinated and proactive supervision.”
The three agencies are committed to maintaining a stable and resilient financial environment in Belize.