Regulatory Alerts2017-07-06
Central Bank of Myanmar Capital Adequacy Regulation 2017
The Central Bank of Myanmar issued Capital Adequacy Regulation No. 16/2017 to mandate an 8% regulatory capital adequacy ratio and a minimum 4% Tier I ratio for all licensed banks. Banks must report their capital positions monthly, submit a corrective improvement plan within 30 days of any shortfall, and restrict new lending or branch expansions while under such plans. Full compliance is required within six months of the July 2017 effective date, with non-compliance triggering administrative sanctions under the Financial Institutions Law and the repeal of several prior CBM instructions.
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