Consejo Nacional de Supervisión del Sistema Financiero

CONASSIF, also known as the Consejo Nacional de Supervisión del Sistema Financiero, is the national authority responsible for overseeing and regulating Costa Rica’s financial system. Its mandate includes monitoring the safety and soundness of banks, cooperatives, insurance companies, and other financial entities operating in the country. The body issues regulations, conducts supervisory assessments, and provides guidance to ensure the stability and integrity of the sector. It also maintains a public website that disseminates regulatory information and updates to stakeholders.

Although the prompt does not provide explicit figures on staff size or budget, CONASSIF functions as a nationwide institution with jurisdiction over all financial activities within Costa Rican territory. Its headquarters are located in Costa Rica, from where it coordinates supervisory actions across the sector. The organisation’s website, which was temporarily defaced in March 2023, serves as the primary channel for publishing regulatory notices and financial system data.

CONASSIF is distinguished by its role as an autonomous public institution created by law to coordinate the work of sector‑specific superintendencies and to safeguard the financial system’s stability. It operates independently from the Central Bank of Costa Rica, focusing exclusively on oversight rather than monetary policy. Structurally, CONASSIF is an autonomous entity attached to the Presidency of the Republic, governed by a board appointed according to the Organic Law of the National Financial System Supervision.