If the cooperatives of the island -which are under the Cossec government regulation- were a single entity, they would occupy the third place among the financial entities of Puerto Rico. (GFR Media)

The plan for the Cooperatives Supervision & Insurance Corp. (Cossec, Spanish acronym) includes some messures such as reconfiguring its board of directors, updating regulations that were not reviewed for a decade, identifying cooperatives at risk and facilitate the sector consolidation and, even, increasing the premiums to insure deposits at a 1 percent per year annual rate.


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