Regulatory Alerts2024-07-09
DBFIA Practice Direction No. 9 (July 2024)
The Central Bank of Belize issued Practice Direction No. 9 to mandate that all domestic banks maintain Liquidity Coverage Ratio and Net Stable Funding Ratio standards under the Domestic Banks and Financial Institutions Act. The directive requires banks to achieve minimum ratios of 100% through a phased implementation schedule starting at 70% in June 2024 and reaching full compliance by June 2025. Additionally, banks must submit monthly and quarterly liquidity reports to the regulator within fourteen days following the end of each respective reporting period.
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