Banking regulator and c bank could merge-Venezuela

VENEZUELA - The administration of Venezuelan President Hugo Chavez might eliminate bank regulatory agency Sudeban and transfer its powers to the central bank, local daily El Nacional reported.

The paper reported that planning and development minister Felipe Perez brought up the issue at a meeting with the central bank board.

The plan also includes the elimination and transfer of the powers of deposit insurance agency Fogade to the central bank, which would then become the financial system's lend

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