Regulatory Alerts2016-01-26 | RESOLUCIONES DE DIRECTORIO N° 016/2016Added · Updated
Board Resolution No. 016/2016 Approving the Regulation for the Administration of International Reserves
The Board of Directors of the Central Bank of Bolivia approves the new Regulation for the Administration of International Reserves, which replaces Board Resolution No. 106/2015. The regulation establishes a two-tier structure for reserves consisting of a Precautionary Tranche and an Investment Tranche, defining specific portfolios, authorized currencies, and investment instruments. It sets credit risk limits requiring sovereign ratings of at least A and short-term ratings of F-1, caps expected credit loss at 1% VaR, and restricts delegated administration to a maximum of 15% of international monetary reserves. The regulation enters into force upon approval, with an adaptation period extending until June 30, 2016.
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