Abstract
Financial control is the exercise of the police power of the State, through which it must balance the respect for the right of free enterprise of private actors and the safeguarding of public ends.
The Costa Rican legal system has a financial control model based on central banking lead by the Central Bank of Costa Rica, and CONASIFF is in charge of the direction of the model.
This model has a second level where four superintendencies are in charge of exercising specific control for each of the most relevant markets of the national financial system: financial institutions, securities market, insurance market and pension market.
Altogether, BCCR, CONASSIF and the superintendencies SUGEF, SUGEVAL, SUGESE and SUPEN make up the Costa Rican financial control model with regulation and sanction authorities.