Regulatory Alerts2018-12-04 | CD-SIBOIF-1087-3-DIC4-2018Norm on Reform of Article 4 and Annex of the Minimum Leverage Requirement Standard
The Board of Directors of the Superintendence of Banks and Other Financial Institutions of Nicaragua issued Resolution No. CD-SIBOIF-1087-3-DIC4-2018 to amend the Minimum Leverage Requirement Standard. The reform updates Article 4 and the Annex to align the leverage ratio calculation with the new accounting framework for banks and financial institutions, which combines International Financial Reporting Standards (IFRS) with prudential regulations. These provisions become effective on January 1, 2019, while the resolution itself enters into force upon notification.
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