Regulatory Alerts1998-03-31 | Resolución 034/98Added · Updated
Board Resolution No. 034/98
Board Resolution No. 034/98 amends Article 5 of the Regulation for Operations with Certificates of Deposit Refund (CDDs) issued by the Central Bank of Bolivia (BCB) for the partial subrogation of deposits from BIDESA in liquidation. The amendment shifts the responsibility for issuing CDDs from the BCB's Financial System Management to the Superintendency of Banks and Financial Entities (SBEF), which must now generate issuance orders based on depositor documentation and verify nominal values before sending them to the BCB. The BCB's Financial System Management retains responsibility for the accounting control of issued CDDs and their coordination with the SBEF and the Currency and Credit Management.
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