Regulatory Alerts2018-07-31 | Resolucion de Directorio N° 097/2018Added · Updated
Board Resolution No. 097/2018 Approving the Regulation for the Administration of International Reserves
The Board of Directors of the Central Bank of Bolivia approves a new Regulation for the Administration of International Reserves, replacing previous resolutions 122/2016, 084/2017, and 175/2017. The regulation structures reserves into a Precautionary Tranche and an Investment Tranche, establishing specific investment criteria, authorized instruments, and risk limits. It mandates credit risk ratings of at least A for sovereigns and F-1/A for issuers, caps credit loss at 1% VaR, and restricts delegated administration to 15% of reserves. The regulation also sets concentration limits, such as 5% per banking issuer, and defines gold reserve parameters, including a local bar limit of 500 kilograms.
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