Regulatory Alerts2019-10-03
Added · Updated
BELR Rule 37(3) - Premises in whole treated as being used for conducting banking business
The Banking Supervision Department issued this circular on 3 October 2019 to clarify the application of BELR Rule 37(3) regarding premises used for banking business. The document specifies that premises used wholly for conducting banking business are treated as a single location for the purpose of calculating large exposures and risk concentrations. This guidance applies to locally incorporated authorized institutions to ensure consistent regulatory reporting and risk management practices.
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