Regulatory Alerts2020-07-07 | RESOLUCIONES DE DIRECTORIO Nº 062/2020Added · Updated
Board Resolution No. 062/2020
The Board of Directors of the Central Bank of Bolivia amends Articles 12 and 15 of the Regulation for the Administration of International Reserves. Article 12 replaces the LIBID Overnight average benchmark for the Precautionary Working Capital portfolio with the ICE BofA SOFR Overnight Rate Index. Article 15 increases the maximum annual credit loss measured by Value at Risk (VaR) for total International Monetary Reserves from 1% to 1.25%, maintaining a 99.9% confidence level.
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