The Central Bank released yesterday the initial structure responsible for the governance of the Open Banking implementation process in the country.
The structure must be formalized by July 15, 2020 through an agreement signed by the associations or groups of associations representing financial institutions and other institutions authorized to operate by the Central Bank.
The initial structure responsible for governance will consist of three levels:
I - strategic, consisting of a Deliberative Council;
II - administrative, consisting of a Secretariat;
III - technical, consisting of Technical Groups.
The Deliberative Council must decide on the definitive structure responsible for governance by October 25, 2021, submitting the decision to the Central Bank for approval.
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