Regulatory Alerts2006-02-22
CICR Deliberation No. 242 of 22 February 2006: Transformation of Maturities and Partial Repeal of the Minister of the Treasury Decree of 22 June 1993
The Interministerial Committee for Credit and Savings issued Deliberation No. 242 on 22 February 2006 to partially repeal the 1993 Minister of the Treasury Decree regarding the despecialization of credit institutions. The regulation abolishes specific paragraphs limiting banks' medium-to-long-term credit operations and maturity transformation risks, recognizing that market evolution allows banks to manage these risks autonomously. While repealing these restrictions, the deliberation maintains the existing limit that total investments in shares and real estate cannot exceed the supervisory capital base.
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