Regulatory Alerts2025-03-24
Agreement No. 2 (2025) Modifying Article 3 of Agreement No. 3-2016 on Risk-Weighted Assets
The Board of Directors of the Panama Banking Superintendence issued Agreement No. 2-2025 to modify Article 3 of Agreement No. 3-2016 regarding the determination of risk-weighted assets. The amendment formally includes Kroll Bond Rating Agency (KBRA) ratings as a recognized international reference alongside Standard & Poor’s, Fitch, and Moody’s. This change updates the regulatory framework for credit risk qualifications and establishes a conservative application rule when multiple ratings differ.
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