2025-04-07

Circular No. 001/2025-CSBF Establishing the Implementation Modalities for Instructions on Regulatory Capital and Capital Requirements for Credit Institutions

The Banking and Financial Supervision Commission (CSBF) of the Central Bank of Madagascar issues Circular No. 10 to establish the implementation modalities for regulatory capital and capital requirements applicable to credit institutions. This directive operationalizes prior legal frameworks, specifically citing Law No. 2020-011 alongside relevant decrees and supervisory instructions, to standardize compliance procedures. The circular formally outlines the procedural requirements and structural obligations that financial establishments must adhere to in order to maintain adequate regulatory capital buffers.

Madagascar

Banky Foiben'i Madagasikara

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CENTRAL BANK OF MADAGASCAR

BANKING AND FINANCIAL SUPERVISION COMMISSION

CIRCULAR NO. 10

ESTABLISHING THE IMPLEMENTATION MODALITIES OF

INSTRUCTIONS RELATING TO REGULATORY CAPITAL

AND CAPITAL REQUIREMENTS FOR

The President of the 203The President of ADV

The President of the Banking and Financial Supervision Commission (CSBF),

Pursuant to Law No. 2020-011 of 1

Pursuant to Decree No. 00C

Pursuant to Instruction No. 1

Pursuant to Instruction No. 0

Establishes the implementation modalities for Instructions No. 1

Establishes the modality for the

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