Regulatory Alerts2025-06-25
Circular N° 002/2025-CSBF Setting the Modalities of Application of Instruction N° 002/2023-CSBF of October 23, 2023, Relating to Liquidity Ratios for Banks and Financial Institutions
The Banking and Financial Supervision Commission (CSBF) of Banky Foiben'i Madagasikara issued Circular N° 002/2025-CSBF to specify the application modalities for Instruction N° 002/2023-CSBF on liquidity ratios for banks and financial institutions. It clarifies definitions for SMEs and retail customers, extends certain provisions to foreign correspondents, and details the treatment of electronic money accounts and specific receivables for cash flow calculations. The circular also mandates monthly and quarterly reporting of LCR, NSFR, and other liquidity-related statements through the BSA "Banking Supervision Application" system.
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