Regulatory Alerts2012-11-21
Financial Institutions (Foreign Currency Exposure) Regulations 2009
The Central Bank of Seychelles issued these regulations to establish mandatory foreign currency exposure limits and reporting standards for domestically licensed banks. Financial institutions must calculate their overall risk using the shorthand method, keeping total net long and short positions to capital ratios within 100 percent and 20 percent, respectively. Daily electronic submissions detailing currency exposures, exchange rates, and capital figures must be filed with the Financial Services Supervision Division before noon each business day.
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