Regulatory Alerts2019-05-13
Agreement No. 003-2019 Modifying the Technical Annex of Agreement No. 011-2018 on Operational Risk
The Board of Directors of the Panama Superintendence of Banks issued Agreement No. 003-2019 to modify the Technical Annex of Agreement No. 011-2018 regarding Operational Risk. The amendment updates the Business Index calculation by excluding specific non-operational accounts, such as insurance revenues and administrative expenses, from the determination of risk-weighted assets. This change aligns Panamanian banking regulations with recent Basel Committee updates to ensure accurate capital adequacy assessments.
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