Regulatory Alerts2024-08-15 | NRP-76Technical Standards on Credit Limits for Cooperative Bank Federations
The Standards Committee of the Central Reserve Bank of El Salvador issued Technical Standards NRP-76 to establish minimum guidelines for credit limits imposed on Cooperative Bank Federations by the Cooperative Banks Law. These regulations cap total credit exposure to a single cooperative at 20% of the federation's equity and mandate special internal controls for exposures exceeding 10%. The standards define the scope of affected credit instruments, require updated record-keeping and biennial policy reviews, and officially repeal the previous 2001 regulations.
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