Regulatory Alerts2019-06-26
Banks and Trust Companies (Large Exposures) (Amendment) Regulations 2012
The Governor of the Central Bank of The Bahamas issued these 2012 regulations to amend capital base definitions, exposure limits, and exemption criteria for licensed banks and trust companies. The amendments establish a twenty-five percent single exposure limit and a fifteen percent related-party cap relative to capital base, while clarifying definitions for Zone A/B jurisdictions and connected parties. Licensees must report breaches within two working days and rectify them within ten, facing fines up to five thousand dollars for non-compliance.
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