Regulatory Alerts2022-08-23
Agreement No. 007-2022 Modifying Article 41 of Agreement No. 4-2013
The Banking Superintendence of Panama issued Agreement No. 007-2022 to amend the valuation criteria for eligible collateral under Agreement No. 4-2013. The regulation specifically modifies the requirement for commercial real estate mortgages, extending the mandatory reappraisal interval from every three years to every five years. This change aims to align administrative guidelines with current market conditions while maintaining conservative risk mitigation standards.
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