2005News

Central Bank and Superintendent deny access

The Central Bank of the Dominican Republic and the office of the Superintendent of Banks have refused a request made by Listin Diario under the Freedom of Information Law requesting information on the progress of the audit being carried out at Banco de Progreso following the dismissal of its former president, Pedro A. Castillo. The official institutions classified the requested information as “information that could affect the functioning of the financial or banking system.” The Central Bank denied that it was within the scope of the Freedom of Information Law as covered by the Financial and Monetary Law. Listin Diario had asked the heads of both institutions whether they were participating in the banking audits.