Regulatory Alerts2021-11-23
Instruction No. 001/2007/CSBF of 11 May 2007 on the Foreign Exchange Position Ratio of Credit Institutions
The Commission for Banking and Financial Supervision (CSBF) of Madagascar has issued Instruction No. 001/2007/CSBF to increase the mandatory foreign exchange position ratio for credit institutions from 10% to 20%, effective 1 June 2007. This regulatory amendment, enacted under Article 41 of Law No. 95-030, aims to strengthen the liquidity, solvency, and overall financial stability of supervised credit establishments. The directive simultaneously repeals all prior conflicting provisions, specifically including Decision No. 001/2004-CSBF/P of 17 March 2004.
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