Regulatory Alerts2024-07-09
IBA Circular No. 7 of 2024: Liquidity Coverage Ratio and Net Stable Funding Ratio
The Central Bank of Belize issued Circular No. 7 of 2024 to mandate that all international banks licensed under the International Banking Act maintain Liquidity Coverage Ratio and Net Stable Funding Ratio minimums of 100%. This regulation adopts Basel Committee standards to enhance short-term liquidity resilience and long-term funding stability, supplementing existing liquidity asset requirements. The phased implementation begins at 70% compliance by June 30, 2024, rising to full 100% compliance by June 30, 2025, with monthly and quarterly reporting obligations commencing in July 2024.
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