Emisiones, ofertas públicas y regulación del mercado de capitales.
Cabinet Decree No. 13 authorizes the Panama SIACAP-2 advisory agreement with the International Bank for Reconstruction and Development for up to US$300,000, subject to the required procedures.
Opinion No. 5-26 of the Securities Market Superintendency finds no impediment to direct lending by a foreign custodian, provided the brokerage firm remains genuinely uninvolved in the transaction.
Several resolutions of the Securities Market Superintendency published in the Official Gazette register securities of various companies for their public offer in Panama.
An SBP Resolution authorizes the transfer of Scotiabank's banking business in Panama to Banco Davivienda (Panama), under the terms of the proposed transaction.
The SBP granted a temporary permit to Banco BISA to pursue its international license and a representative-office license to Mercantil Bank (Schweiz).
Accord 1-2026 of the SBP prevents the improper use of banking and fiduciary services, in line with a strengthening of the prudential framework.
Panama's banking regime rests on three legislative layers: the founding decree of 1970, the 1998 reform that created the Superintendency of Banks, and the sweeping 2008 overhaul that modernised its governance — capped by a 2014 Supreme Court ruling that struck out key articles on constitutional grounds.
Approved on September 16, 2025, with nine co-sponsors, Bill 53 amended Law 68 of 2016 to grant a progressive 25% discount on SOAT renewals to drivers with a zero-accident record. The Executive's full veto argues conflict with the insurance mutuality principle and with the autonomy of the Superintendency of Insurance.
In a unanimous ruling dated March 6, 2024, the Third Chamber of the Supreme Court declared that Resolution SBP-0016-2018, which imposed fines on a general-license banking entity, is not illegal, consolidating the principle that obligations under the anti-money-laundering prevention regime require continuous compliance and cannot be remedied retroactively.
The Third Chamber for Administrative Disputes of the Supreme Court of Justice declared lawful Resolution SBP-0041-2021, through which the Superintendency of Banks of Panama sanctioned a general-license bank with fines that, after internal appeals, were set at B/.288,000 for violations of the anti-money-laundering regime and B/.162,000 for violations of the banking regime.