Regulatory Alerts2023-05-17 | RESOLUCIONES DE DIRECTORIO Nº 075/2023Added · Updated
Board Resolution No. 075/2023
The Central Bank of Bolivia amends the Legal Reserve Regulation for Financial Intermediation Entities by incorporating Title IX, which facilitates national currency liquidity credits for acquiring entities during resolution procedures. Eligible entities may access credit up to 70% of their National Reserve Fund quota and 100% of their required legal reserve, with total exposure capped at the amount of first-priority privileged obligations assumed in the resolution. The resolution mandates automatic repayment via current and reserve accounts, authorizes the liquidation of National Reserve Fund titles in case of default, and assigns supervision of fund usage to the Financial System Supervisory Authority.
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