Paraguay's banking regulator chief resigns

Paraguay's banking regulator Rodrigo Ortiz has resigned from his post, a central bank source confirmed, according to Bnamericas. Ortiz had been head of the banking regulatory agency since 2003.

Ortiz's tense relationship with central bank governor Monica Perez and the implementation of budget cuts that could affect the regulator's supervision duties prompted his resignation, the source said.

However, the viability of such a resignation is still to be evaluated, as the banking regulator is appoi

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