VOICED : Venezuela designa funcionarios con poder de veto en uno de sus mayores bancos privados

The Venezuelan government appointed supervisors with veto power at Banco Occidental de Descuento (BOD) to protect client funds after asset freezes in Curacao and Panama. The financial group BOD decided to liquidate Banco del Orinoco in Curacao, leading to asset freezes by the Central Bank of Curacao and Panama's banking superintendent taking control of All Bank. Sudeban's measures aim to prevent BOD funds from being used to resolve issues in Curacao and Panama, despite claims of independence among BOD institutions.

What was the primary reason for the Venezuelan government appointing supervisors at Banco Occidental de Descuento?

• To protect client funds after asset freezes

• To increase the bank's profits

• To expand the bank's operations internationally

• To merge with another financial institution

What action did the financial group BOD take in Curacao?

• They increased their investment in the region

• They opened a new branch

• They decided to liquidate Banco del Orinoco

• They acquired a local bank

What was the response of the Central Bank of Curacao to BOD's decision?

• It provided financial assistance

• It encouraged more investments

• It froze the assets of Banco del Orinoco

• It ignored the situation

What did Panama's banking superintendent do in response to the situation?

• Offered loans to affected clients

• Took control of All Bank's operations

• Closed all banks in the region

• Increased interest rates

What is the main goal of Sudeban's measures regarding BOD funds?

• To invest in new technologies

• To prevent the use of funds for issues in Panama and Curacao

• To support local businesses

• To increase the bank's market share