Regulatory Alerts2017-02-06
Prudential Standards for the Haitian Savings and Credit Cooperatives Sector
The Bank of the Republic of Haiti issued prudential standards in August 2007 to regulate the liquidity, investment, credit risk, and capitalization of Savings and Credit Cooperatives (CECs). The regulations mandate specific liquidity ratios, limit investment concentrations, establish strict provisioning requirements for non-performing loans, and define internal control and reporting obligations. Non-compliance with these standards subjects CECs to administrative sanctions and requires the resolution of such sanctions at the annual general assembly.
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