Regulatory Alerts2017-07-06
Central Bank of Myanmar Large Exposures Regulation 2017
The Central Bank of Myanmar issued Notification No. 18/2017 to establish comprehensive limits on banks' financial exposures, defining core capital and connected counterparties. Banks must cap single counterparty exposures at 20 percent of core capital, aggregate large exposures at eight times core capital, and report all qualifying transactions quarterly. Existing exposures exceeding the threshold must be reduced within ninety days, while non-compliance triggers corrective actions and administrative penalties under the Financial Institutions Law.
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