Regulatory Alerts2026-04-17
STANDARD RELATING TO LIQUIDITY MANAGEMENT FOR SAVINGS AND CREDIT COOPERATIVES (CEC)
The Banque de la République d’Haïti (BRH) mandates that Savings and Credit Cooperatives (CECs) maintain liquidity reserves equivalent to at least 25% of all member deposits, calculated using specific optimal cash and time deposit formulas. CECs are required to submit semi-annual liquidity evolution reports detailing fund placements, with strict accuracy requirements tied to their accounting books. Non-compliance, including late submissions or unreliable data, subjects cooperatives to administrative sanctions enforceable at their annual general meetings under Articles 139 and 140 of the June 26, 2002 Cooperative Law.
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