Regulatory Alerts2008-06-20
Instruction No. 2008-05 of June 20, 2008, on the coverage ratio of credit institutions (repealed)
The Banking Commission issued Instruction No. 2008-05 to establish reporting requirements for credit institutions regarding their coverage ratio, asset composition limits, and refinancing eligibility. The regulation mandates that these institutions submit semi-annual reports to the Commission within three months of the reporting dates, utilizing specific data extracted from their accounting systems. This instruction simultaneously repeals previous directives from 1999 and updates related procedural guidelines to ensure immediate compliance.
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