Regulatory Alerts2020-10-06
Agreement No. 011-2020 Modifying Article 2 of Agreement No. 3-2016 on Risk-Weighted Assets
The Board of Directors of the Superintendencia de Bancos of Panama issued Agreement No. 011-2020 to amend the asset classification rules under Agreement No. 3-2016. The regulation adds a new provision to Category 2, assigning a 10% risk weight to bonds issued by the Banco Nacional de Panamá provided they maintain an international credit rating of at least BBB-. This modification aims to facilitate the bank's international bond issuance by improving the regulatory treatment of its liabilities during the COVID-19 pandemic.
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