Regulatory Alerts2020-02-01
BCRG Instruction No. I/DGSIF/DSIMF/004/2018 on Prudential Standards for Electronic Money Institutions
The Central Bank of Guinea (BCRG) issued this instruction to establish mandatory prudential ratios and indicators for Electronic Money Institutions (EMIs). It mandates minimum capitalization, foreign exchange position limits, asset quality standards, and liquidity coverage ratios to ensure financial stability. Furthermore, it requires EMIs to periodically calculate and report operational metrics, including the operating ratio, return on assets, and return on equity, while safeguarding customer funds through dedicated accounts and strict risk diversification rules.
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