TR2-16 Central Balance Sheet Office - Argentina

Presenter: Guillermo Corzo

The creation of the Central Balance Sheet Office led by the Central Bank of Argentina has between their main goals the following: •To reduce the costs derived from presenting the same information to different regulators which are imposed on companies, and to reduce the costs in banks related to collecting and processing data. •To give a tool for: banks to analyze credit risk, Central Bank of Argentina to make economic decisions and for other institutions to support their policy decisions. To use powerful technological tools to make the transmission of financial data easier and to simplify financial reporting. In this sense, this initiative approaches other similar initiatives which have been implemented by many countries and which aim to reduce the reporting burden in regulatory environments.