Regulatory Alerts2015-02-03
Regulation 005 on the Classification and Provisioning of Credit Institutions' Claims
The Central Bank of the Comoros issues Regulation 005/2015 to establish mandatory rules for the classification and provisioning of credit claims held by credit institutions. The regulation defines four risk categories based on payment delays and mandates specific minimum provisioning rates and eligible collateral deductions to ensure financial stability. It further requires institutions to report these classified claims and provisions semi-annually and provides a three-year transition period for compliance with the new standards.
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