Regulatory Alerts2019-12-27
Agreement No. 014-2019 Modifying the Legal Liquidity Index Percentage Under Article 20 of Agreement No. 4-2008
The Banking Superintendence of Panama issued Agreement No. 014-2019 to amend the legal liquidity requirements for general license banks. The regulation reduces the mandatory percentage of local assets that must be held against local deposits from eighty-five percent (85%) to sixty percent (60%). This change modifies Article 20 of Agreement No. 4-2008 and became effective upon its promulgation on December 17, 2019.
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