Regulatory Alerts2023-03-01
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Agreement No. 001-2023: Modification of Article 2 of Agreement No. 3-2016 on Risk-Weighted Assets
The Banking Superintendence of Panama issued Agreement No. 001-2023 to amend Article 2 of Agreement No. 3-2016 regarding the classification of assets for credit and counterparty risk weighting. The regulation explicitly includes instruments issued or guaranteed by the Bank for International Settlements (BIS) in Category 1, assigning them a 0% risk weight in alignment with Basel Committee guidelines. This modification ensures that Panamanian banks maintain capital adequacy by recognizing the low-risk status of these specific multilateral development and international financial institution instruments.
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