Regulatory Alerts2019-06-06
Agreement No. 006-2019: Modification of Agreement No. 003-2018 Establishing Capital Requirements for Financial Instruments in the Trading Book
The Banking Superintendence of Panama issued Agreement No. 006-2019 to modify the capital requirements for financial instruments in the trading book under Agreement No. 003-2018. The regulation updates definitions of the trading book, mandates specific market risk management policies, and introduces a new certification requirement for banks without trading portfolios. It also establishes detailed technical methodologies for calculating capital charges for interest rate and credit spread risks using specific sensitivity and correlation models.
Share