Regulatory Alerts2022-07-06
Bank of Ghana Explanatory Notes on the Eligible Collaterals Directive
The Bank of Ghana issued revised July 2022 supervisory guidance to broaden eligible collateral instruments and establish minimum supervisory haircuts for computing single counterparty financial exposure. The directive expands acceptable assets to include non-guaranteed fixed income securities, multilateral development bank debt and guarantees, landed property, plant and equipment, and commodities under collateral managers. Regulated financial institutions may apply haircuts higher than the prescribed minimums and must integrate collateral assessments directly into their existing risk management frameworks.
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