Regulatory Alerts2024-01-26
Central Bank of Seychelles Circular on Capital Adequacy Requirements (January 2024)
The Central Bank of Seychelles has issued revised capital adequacy requirements and updated reporting guidelines effective January 1, 2024. Banks must now calculate their Capital Adequacy Ratio and Core Capital Ratio using standardized Basel II credit risk, foreign currency market risk, and operational risk metrics, maintaining minimum thresholds of 12 percent and 6 percent respectively. These updated regulations replace the September 2020 circular and mandate the use of new Capital Adequacy Ratio returns for all monthly reporting periods beginning in 2024.
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