The Superintendence of Colombia and Peru has received financing from the Inter-American Development Bank (IDB), and intends to apply part of the proceeds to payments under the project Institutional Framework and Governance of Supervision Organisms in Latin America, for the assessment of the governance and institutional arrangements of the two supervisory bodies, and the development of instruments that enable each agency to better manage its supervisory process, and more effectively integrating the various mission critical internal areas and departments.

The specific goals of the project are, among others:

*Enhance and strengthen the Supervisory Framework (currently under construction in the case of the SFC), by providing guidance on policies, standards, procedures and corporate governance, including benchmarks and relevant reporting requirements for the supervision at a solo level, but also in the context of financial conglomerates;
*Formulate a document with the recommendations about the impact of the mergers of different financial supervisors (banking, insurance, pension funds and securities), taking into account the positive and negative implications of such experiences and in particular the Colombian case;
*Formulate a methodological guide to identify in entities and financial conglomerates significant business lines and to do the recommendations for developing and implementing the new risk matrix by significant business lines. Provide a document with recommendations for the development of the Institutional Card and Risk Assessment Report;
*Design a training program for senior supervisors with the lessons learned during the execution of the project to be presented in a regional seminar led by the IDB to strengthen their capacity in risk management, monitoring, and industry overview.

The IDB now invites eligible consultants to indicate their interest in providing the services. Interested consultants must provide information establishing that they are qualified to perform the services (brochures, description of similar assignments, experience in similar conditions, availability of appropriate skills among staff, etc). Consultants may associate to enhance their qualifications.

Consultants will be selected in accordance with the procedures set out in the IDB Policies for the selection and Contracting of Consultants financed by the Inter-American Development Bank (current edition) and is open to all eligible bidders as defined in the policies.

Interested consultants may obtain further information at the address below during office hours 09:00 to 17:00 hours (US Eastern Time).

Expressions of interest must be delivered via e-Sourcing application at: https://enet.iadb.org/BidderWeb/signOn.aspx by Jul 31, 2009 18:00 hours (US Eastern Time).

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Inter-American Development Bank.
Division: CMF.
Assignment: Institutional Framework and Governance of Supervision Organisms in Latin America.
Attn: Demichelis, Jose Francisco.
1300 New York Ave, NW.
Washington DC 20577, USA.
Tel: (202) 623-3562.
Fax: (202) 623-1579.
E-mail: [email protected].
Website: www.iadb.org