Quote:
Originally Posted by edgeld
Are there any third party reports available on the Investment Houses in the DR. Something that might give some insight into the the stability/financial viability of these institutions.
Thank you in advance for any help.
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Yes...
The thing is that they're done on a per-request basis, where you request the data you need exported and the firm would collect such info from strong/verifiable resources at their disposal; for a fee, or course.
You can get some data yourself by mining the Central Bank's financial quarterly disclosures (all published in the local news by law). I don't recommend you do this yourself, but in fact hire a financial consultant of the banking industry in the DR.
Expect to pay a 15% to 25% higher fee for such reports in the DR than compared to the same services in the US/EU markets correspondingly.
Investment houses in the DR are required to file quarterly financial status reports to the securities arm of the Central Bank as required by law. Still a good 35% falls out of the low to mid range regulated by such financial requirements.
Last report we requested on a plethora of indicators in the DR was done via a US firm with a presence in the DR's financial markets.
We paid hefty as the data required was also extended to micro loaning for profits in the DR.
Hope this helps!