What
is the OCFI?
The
Office of the Commissioner
of Financial Institutions
is an agency of the Commonwealth
of Puerto Rico created
under Act No. 4 of October
11, 1985, as amended,
has a mandate to enact
the public policy for
the financial industry
and the responsibility
to regulate, supervise
and oversee the financial
institutions operating
or otherwise doing business
in Puerto Rico.
Act.
No. 4 also created a Financial
Board, attached to the OCFI,
empowered to establish,
regulate, increase, reduce
or deregulate interest rates
and finance charges in Puerto
Rico.
Mission
Regulate,
supervise and oversee
Puerto Rico’s financial
system to:
Ensure its safety, soundness,
and global competitiveness;
Promote the Commonwealth’s
socioeconomic development;
and
Protect the public interest.
Vision
Maintain
a modern and flexible
financial system through
policies
that ensure balance and
equity
among the interests of:
depositors, shareholders,
investors, and
the general public.
Examine
and oversee licensees’
operations
