Regulatory Alerts2024-04-16
Additional Note to Circular 89-2
The Bank of the Republic of Haiti issued an additional note to Circular 89-2 mandating that financial institutions submit their Annual Internal Control Report using the newly amended Annex II. This directive requires institutions to detail significant organizational changes, risk governance updates, and the operational status of internal control functions such as risk management, compliance, and internal audit. The regulation further specifies detailed reporting requirements for credit risk, concentration risk, and interest rate risk to ensure effective assessment of the institution's overall risk exposure.
Share