Regulatory Alerts2019-06-26
Banks and Trust Companies (Large Exposures) Regulations 2006
The Governor of the Central Bank of The Bahamas issued these consolidated regulations to cap large exposures for licensed banks and trust companies against their capital base. The rules establish a 25 percent limit on individual counterparty exposures, a 15 percent aggregate cap for related parties, and an 800 percent overall limit on non-exempt large exposures. Licensees must maintain internal compliance policies, report breaches to the Inspector within two days with corrective action within ten days, and face fines up to five thousand dollars for non-compliance.
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