Regulatory Alerts2015-08-25
Regulation on Foreign Currency Exposure Limits
The Monetary Authority of Maldives issued this regulation to establish prudential limits on foreign currency exposures for all banks licensed under the Banking Act. The rules cap overall foreign currency exposure at 40% of base capital and restrict single currency positions to 25% for long positions and 15% for short positions. Banks must maintain daily records, report to the Authority, and face corrective measures including fines or license suspension for non-compliance.
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