Financial Intermediation — General Definition (Law 21,526)

Law No. 21,526 establishes that entities subject to regulation are those that carry out habitual intermediation between the supply and demand of financial resources.

The concept of financial intermediation implies:

• obtaining cash or assets of rapid realization,

• for the purpose of lending them in turn,

• assuming an active role between suppliers and demanders of funds.

The law empowers the BCRA to supervise entities that meet these conditions, regardless of their designation.