As part of the structural changes ushered in by the new Bolivian constitution (for further discussion, see here), the central government will absorb eight of the country’s ten existing superintendencies, leaving only the superintendencies of banking and hydrocarbons as “independent.” In addition, the Superintendencia de Bancos (Superintendency of Banks), which currently regulates insurance in Bolivia, will reportedly be renamed the Autoridad de Supervision de Entidades Financieras (Financial Entity Supervisory Authority).

The other eight superintendencies, which include the superintendency that oversees pensions, will be absorbed into the central government and become part of the existing ministries (the Ministry of the Economy and Public Finance in the case of pensions). Bolivia’s Vice President, Alvaro Garcia Linera announced the changes and specifically discussed them as part of the reordering of executive power and as changes to the regulatory structure created by former President Gonzalo Sanchez de Lozada.