Regulatory Alerts2012-01-20
Added
Bank of Portugal Notice No. 1/2012
The Bank of Portugal allows institutions under its supervision to defer prudential impacts on regulatory capital ratios resulting from the partial transfer of defined benefit post-employment plans to the Social Security sphere and the Special Inspection Program (SIP) until June 30, 2012. This deferral applies to impacts calculated as of December 31, 2011, and covers minimum capital requirements arising from transactions with pension funds necessary to deliver liquid means to the State. The notice takes effect as of December 31, 2011.
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