Regulatory Alerts2018-02-07
Agreement No. 005-2012 Regarding Interbank Deposits and Activities of International License Banks
The Banking Superintendence of Panama issued Agreement No. 005-2012 to compile and update regulations concerning interbank deposits and authorize specific activities for international license banks. The agreement permits general and international license banks to conduct interbank placements under defined conditions, including the deposit of external funds, while establishing that such deposits are free from standard maturity and interest rate restrictions. Additionally, the document authorizes international license banks to acquire Panamanian internal public debt instruments through the national securities market and explicitly repeals previous agreements 6-74 and 2-78.
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