Ensure greater independence and transparency of the Superintendence of Banks and Financial Institutions, Superintendence of Securities and Insurance Supervisor, and Superintendence of Pensions. • Take legislative action to establish group-wide supervision in the financial sector and expand oversight for significant non-bank credit providers. • Make further progress in risk-management of pension fund administrators, and establish a system of risk-based supervision in the insurance and private pension sectors. • Establish guidelines requiring insurers to assess the adequacy of reinsurers. • Assess the impact of recent reforms on pension benefits and evaluate the need for further policy initiatives to raise pension savings and promote later retirement. • Strengthen financial awareness and education in the area of credit, insurance and private pensions to enable individuals to make better decisions.