Regulatory Alerts2017-07-31 | 14/15Added · Updated
Amendments to the Regulation on Maximum Risk Amounts for a Single Borrower or a Group of Related Borrowers
The Central Bank of Uzbekistan amends the Regulation on Maximum Risk Amounts for a Single Borrower or a Group of Related Borrowers by revising the second sub-paragraph of paragraph 4 and the fourth sub-paragraph of paragraph 8. The revision to paragraph 4 expands the definition of risk exposure to include investments in legal entity share capital, guarantees, conditional sales, factoring, repos, swaps, and off-balance sheet items. The revision to paragraph 8 clarifies that loans granted to companies established on the basis of production enterprise assets sold in competitive tenders, or new companies formed from assets accepted onto bank balance sheets for liquidation of economically distressed enterprises, are included in risk calculations. This decision, issued on June 24, 2017, entered into force on July 31, 2017, and was repealed on January 30, 2021.
More like this from CBU
We email you every new CBU publication the day it's published.